Autodesk, Inc. $ADSK Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 30.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,654 shares of the software company’s stock after buying an additional 2,497 shares during the period. Sequoia Financial Advisors LLC’s holdings in Autodesk were worth $2,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Vanguard Group Inc. raised its holdings in shares of Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after acquiring an additional 78,928 shares in the last quarter. State Street Corp grew its stake in Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC increased its position in Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after purchasing an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Autodesk during the 4th quarter worth about $867,480,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 7,935 shares of company stock worth $1,666,644 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Bank of America reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Loop Capital decreased their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn dropped their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

Autodesk Price Performance

Shares of Autodesk stock opened at $205.92 on Wednesday. The firm has a fifty day simple moving average of $219.31 and a 200-day simple moving average of $239.70. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The stock has a market capitalization of $43.45 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.31 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $2.29 EPS. Autodesk’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. On average, sell-side analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current 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.