Trust Co. of Vermont Makes New Investment in Autodesk, Inc. $ADSK

Trust Co. of Vermont acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, Holdings Channel.com reports. The firm acquired 12,720 shares of the software company’s stock, valued at approximately $2,473,000.

Several other institutional investors have also recently modified their holdings of ADSK. Torren Management LLC bought a new stake in Autodesk in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Archer Investment Corp lifted 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 worth $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Autodesk in the 4th quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 7,935 shares of company stock worth $1,666,644 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 4.0%

Shares of NASDAQ:ADSK opened at $241.64 on Tuesday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The company has a market cap of $50.99 billion, a PE ratio of 35.22, a P/E/G ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $216.64 and its 200 day moving average is $231.81.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during 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 business’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADSK shares. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Bank of America reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. BMO Capital Markets cut their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. BNP Paribas Exane initiated coverage on Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price objective on the stock. Finally, Guggenheim assumed coverage on Autodesk in a report on Wednesday, July 22nd. They issued a “buy” rating and a $245.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $321.07.

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.