John Cahill Purchases 2,000 Shares of Autodesk (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autodesk Stock Performance

ADSK traded up $1.05 during midday trading on Tuesday, reaching $188.77. The company’s stock had a trading volume of 3,316,439 shares, compared to its average volume of 2,354,609. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $230.63 and a 200 day simple moving average of $250.72. The stock has a market cap of $39.83 billion, a P/E ratio of 27.52, a PEG ratio of 1.19 and a beta of 1.30. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Autodesk in a research report on Wednesday, June 3rd. Robert W. Baird reduced their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Morgan Stanley decreased their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.10.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the fourth quarter valued at $25,000. Torren Management LLC bought a new stake in Autodesk in the fourth quarter valued at $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the fourth 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 bought a new position in shares of Autodesk during the fourth quarter valued at $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

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.