Foyston Gordon & Payne Inc Makes New Investment in Autodesk, Inc. $ADSK

Key Points

• Foyston Gordon & Payne initiated a position in Autodesk by purchasing 27,028 shares worth approximately $5.35 million in the second quarter. Institutional investors collectively own 90.24% of Autodesk’s outstanding stock.
• Autodesk exceeded quarterly expectations, reporting $2.99 in adjusted EPS on $1.93 billion in revenue, with revenue up 18.4% year over year. The company issued fiscal 2027 EPS guidance of $12.40–$12.65.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $321.65, despite some recent target-price reductions. Two directors also purchased Autodesk shares during the quarter.

Foyston Gordon & Payne Inc bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,028 shares of the software company's stock, valued at approximately $5,354,000.

Several other institutional investors have also made changes to their positions in ADSK. Torren Management LLC acquired a new position in Autodesk in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk during the 4th quarter valued at $25,000. Archer Investment Corp lifted its holdings in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Autodesk in the fourth quarter valued at $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $253.82 on Friday. The business's 50-day moving average price is $219.71 and its two-hundred day moving average price is $231.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business's quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADSK. KeyCorp reiterated an "overweight" rating on shares of Autodesk in a report on Wednesday. Wells Fargo & Company decreased their price objective on Autodesk from $350.00 to $330.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. BMO Capital Markets dropped their target price on Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. DA Davidson reissued a "buy" rating and issued a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Finally, UBS Group restated a "buy" rating on shares of Autodesk in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.65.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company's stock, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company's stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company's stock.

About Autodesk

Autodesk, Inc NASDAQ: ADSK is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company's product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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