GC Wealth Management RIA LLC Cuts Stake in Autodesk, Inc. $ADSK

GC Wealth Management RIA LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,379 shares of the software company’s stock after selling 2,394 shares during the period. GC Wealth Management RIA LLC’s holdings in Autodesk were worth $2,724,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Modern Wealth Management LLC lifted its stake in Autodesk by 18.8% in the first quarter. Modern Wealth Management LLC now owns 2,636 shares of the software company’s stock worth $627,000 after purchasing an additional 418 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares during the period. Mizuho Markets Americas LLC bought a new position in shares of Autodesk during the first quarter valued at about $366,000. Gibbs Wealth Management grew its stake in shares of Autodesk by 271.8% during the first quarter. Gibbs Wealth Management now owns 7,276 shares of the software company’s stock valued at $1,742,000 after buying an additional 5,319 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Autodesk by 52.8% in the first quarter. Sei Investments Co. now owns 395,411 shares of the software company’s stock worth $94,672,000 after buying an additional 136,624 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $209.75 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 company has a 50-day moving average price of $214.93 and a 200-day moving average price of $235.32. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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 return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $2.29 earnings per share. Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. 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 anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reduced their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Robert W. Baird decreased their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Morgan Stanley lowered their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Piper Sandler dropped their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $323.40.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. 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 acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by company insiders.

Autodesk 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.