Kovitz Investment Group Partners LLC Lowers Holdings in Autodesk, Inc. $ADSK

Kovitz Investment Group Partners LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 71.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,481 shares of the software company’s stock after selling 28,822 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Autodesk were worth $3,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Autodesk by 14.5% during 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 in the last quarter. Sivia Capital Partners LLC raised its position in shares of Autodesk by 98.1% during 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 during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Autodesk in the second quarter worth $466,000. Baird Financial Group Inc. lifted its holdings in shares of Autodesk by 7.5% in 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 in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of 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 during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $193.82 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. Autodesk, Inc. has a twelve month low of $190.86 and a twelve month high of $329.09. The company has a market cap of $40.90 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.19 and a beta of 1.29. The company’s fifty day simple moving average is $231.38 and its 200-day simple moving average is $251.95.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data 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 net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue 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, analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ADSK shares. KeyCorp reduced their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Piper Sandler cut their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Finally, Wolfe Research boosted their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were purchased 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 in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director directly 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 SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.

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.