Sage Capital Advisors llc Buys Shares of 20,609 Autodesk, Inc. $ADSK

Key Points

• Sage Capital Advisors initiated a position in Autodesk by purchasing 20,609 shares worth approximately $4.0 million. Institutional investors collectively own 90.24% of ADSK’s outstanding shares.
• Autodesk insiders have recently increased their holdings, with directors John T. Cahill and Stacy J. Smith among those buying shares; insiders purchased 7,935 shares valued at about $1.67 million over the past 90 days.
• Wall Street maintains a favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $323.40. Autodesk also exceeded quarterly earnings and revenue estimates, reporting $2.99 in EPS and $1.93 billion in revenue.

Sage Capital Advisors llc bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,609 shares of the software company's stock, valued at approximately $4,007,000.

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADSK shares. UBS Group reaffirmed a "buy" rating on shares of Autodesk in a research note on Friday, May 29th. Piper Sandler lowered their target price on Autodesk from $383.00 to $369.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Robert W. Baird dropped their price target on Autodesk from $355.00 to $312.00 and set an "outperform" rating for the company in a research report on Friday, April 17th. BNP Paribas Exane began coverage on Autodesk in a research note on Thursday, June 18th. They set an "outperform" rating and a $295.00 price target for the company. Finally, Barclays decreased their price objective on shares of Autodesk from $315.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $323.40.

Autodesk Stock Performance

Autodesk stock opened at $256.07 on Tuesday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a market capitalization of $54.03 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.53 and a beta of 1.29. The stock has a fifty day moving average of $214.69 and a two-hundred day moving average of $232.41. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion for 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 revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Autodesk Company Profile

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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