Autodesk, Inc. $ADSK Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 41.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,920 shares of the software company’s stock after selling 2,814 shares during the period. Twin Capital Management Inc.’s holdings in Autodesk were worth $938,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Torren Management LLC acquired a new position in Autodesk during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp grew its position in 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 purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 7,935 shares of company stock valued at $1,666,644 in the last three months. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 3.9%

Shares of Autodesk stock opened at $217.06 on Friday. The firm has a 50-day simple moving average of $217.95 and a two-hundred day simple moving average of $238.48. The company has a market cap of $45.80 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. 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) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The firm 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%.The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADSK. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Citigroup boosted their price target on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Rothschild & Co Redburn decreased their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. DA Davidson reiterated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Friday, May 29th. Finally, Zacks Research lowered 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-three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $326.10.

About Autodesk

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.