OneDigital Investment Advisors LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,360 shares of the software company's stock, valued at approximately $848,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Autodesk during the 2nd quarter valued at about $466,000. Baird Financial Group Inc. lifted its position in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock worth $4,291,000 after buying an additional 2,795 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk Stock Up 2.1%
Shares of Autodesk stock opened at $246.79 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company's 50 day moving average price is $217.10 and its 200-day moving average price is $231.66. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 35.98, a P/E/G ratio of 1.54 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 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm's revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities research analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. BTIG Research reiterated a "buy" rating and set a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Wells Fargo & Company lowered their price objective on shares of Autodesk from $350.00 to $330.00 and set an "overweight" rating for the company in a report on Friday, May 29th. UBS Group reaffirmed a "buy" rating on shares of Autodesk in a research note on Friday, May 29th. Citigroup increased their target price on shares of Autodesk from $246.00 to $252.00 and gave the company a "neutral" rating in a report on Friday, May 29th. Finally, Weiss Ratings cut shares of Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $321.07.
Get Our Latest Report on ADSK
Insider Activity
In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company's stock.
Autodesk Profile
(
Free Report)
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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