Prasad Wealth Partners LLC Takes $1 Million Position in Autodesk, Inc. $ADSK

Prasad Wealth Partners LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 1st quarter, HoldingsChannel reports. The fund purchased 4,190 shares of the software company’s stock, valued at approximately $1,003,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Torren Management LLC bought a new stake in Autodesk during the fourth quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk in the 4th quarter worth about $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $207.48 on Friday. 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 stock has a market capitalization of $43.78 billion, a P/E ratio of 30.24, a PEG ratio of 1.23 and a beta of 1.32. The stock has a 50-day moving average price of $224.13 and a 200-day moving average price of $244.68. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for 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%.Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm 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 analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday, May 29th. KeyCorp cut their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, with a total value 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. The trade was a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction dated 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 completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 7,935 shares of company stock worth $1,666,644 over the last ninety days. 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.