Empowered Funds LLC Has $9.13 Million Stock Holdings in Autodesk, Inc. $ADSK

Empowered Funds LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 127.1% in the first quarter, Holdings Channel reports. The firm owned 38,132 shares of the software company’s stock after acquiring an additional 21,341 shares during the quarter. Empowered Funds LLC’s holdings in Autodesk were worth $9,129,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in Autodesk during the second quarter worth $466,000. Baird Financial Group Inc. increased its holdings in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Robert W. Baird cut their price target 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. Citigroup upped their target price on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Wells Fargo & Company cut their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. The trade was 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 link. Also, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 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 Price Performance

NASDAQ:ADSK opened at $234.97 on Friday. The company has a market cap of $49.58 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.51 and a beta of 1.32. The firm’s fifty day moving average price is $214.37 and its two-hundred day moving average price is $233.57. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

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 analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company 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 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.