Trillium Asset Management LLC Invests $4.71 Million in Autodesk, Inc. $ADSK

Key Points

• Trillium Asset Management acquired 24,226 Autodesk shares worth approximately $4.71 million during the second quarter. Institutional investors and hedge funds collectively own 90.24% of Autodesk’s outstanding stock.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $321.23, although several firms recently lowered their targets or downgraded the stock.
• Autodesk’s latest quarterly results exceeded expectations, reporting $2.99 in adjusted EPS and $1.93 billion in revenue, up 18.4% year over year. Company directors also purchased shares recently, with insiders acquiring 7,935 shares worth about $1.67 million over three months.

Trillium Asset Management LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,226 shares of the software company's stock, valued at approximately $4,710,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Autodesk during the 2nd quarter worth $4,828,855,000. Norges Bank bought a new stake in shares of Autodesk in the 4th quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company's stock valued at $675,055,000 after buying an additional 2,275,384 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Autodesk in the second quarter valued at about $322,851,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Autodesk in the second quarter valued at about $228,908,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings lowered Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 10th. Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a research report on Friday, May 29th. KeyCorp reissued an "overweight" rating on shares of Autodesk in a research report on Wednesday. BMO Capital Markets lowered their price target on shares of Autodesk from $279.00 to $262.00 and set a "market perform" rating for the company in a report on Friday, May 29th. Finally, Zacks Research downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.23.

Autodesk Stock Down 0.1%

Shares of NASDAQ:ADSK opened at $251.02 on Friday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The business's 50-day moving average is $218.61 and its 200-day moving average is $231.62. The company has a market capitalization of $52.97 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm's revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director directly owned 4,000 shares of the company's stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were bought 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 owned 26,517 shares of the company's stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company's stock.

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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