Trillium Asset Management LLC Sells 2,974 Shares of Autodesk, Inc. $ADSK

Trillium Asset Management LLC cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,353 shares of the software company’s stock after selling 2,974 shares during the quarter. Trillium Asset Management LLC’s holdings in Autodesk were worth $9,067,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in Autodesk in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the third quarter worth about $25,000. Archer Investment Corp raised its holdings in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Swiss RE Ltd. bought a new position in Autodesk in the fourth quarter worth about $32,000. Finally, High Point Wealth Management LLC bought a new position in Autodesk in the fourth quarter worth about $44,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wolfe Research boosted their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Bank of America reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.21.

Insider Activity

In related news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK opened at $198.43 on Friday. Autodesk, Inc. has a 52-week low of $194.47 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $41.87 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. The firm’s 50-day moving average price is $235.55 and its 200-day moving average price is $255.52.

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, beating 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 firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

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.