DE Burlo Group Inc. Acquires 10,025 Shares of Autodesk, Inc. $ADSK

DE Burlo Group Inc. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 8.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 125,188 shares of the software company’s stock after acquiring an additional 10,025 shares during the period. Autodesk accounts for approximately 4.5% of DE Burlo Group Inc.’s holdings, making the stock its 5th biggest position. DE Burlo Group Inc.’s holdings in Autodesk were worth $37,057,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings 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 worth $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of Autodesk in the second quarter worth approximately $466,000. Baird Financial Group Inc. increased its position 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 acquiring an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings 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 valued at $4,291,000 after acquiring an additional 2,795 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Down 3.5%

ADSK stock opened at $198.43 on Friday. The company has a 50 day moving average of $235.55 and a two-hundred day moving average of $255.52. The company has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.22 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $194.47 and a 12-month 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.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion for 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 revenue was up 18.4% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a research note on Wednesday, June 3rd. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Wolfe Research raised 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. Finally, Robert W. Baird lowered their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Two equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Insider Activity

In other news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.