John Cahill Purchases 2,000 Shares of Autodesk (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John Cahill bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Autodesk Stock Up 0.6%

NASDAQ:ADSK traded up $1.05 during trading hours on Tuesday, hitting $188.77. 3,316,439 shares of the company’s stock traded hands, compared to its average volume of 2,354,609. The firm has a market cap of $39.83 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.19 and a beta of 1.30. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s fifty day moving average price is $230.63 and its two-hundred day moving average price is $250.72.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period 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. On average, research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $330.00 price target on shares of Autodesk in a report on Monday, June 1st. BMO Capital Markets cut their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Morgan Stanley lowered their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft dropped their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Piper Sandler cut their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.10.

Institutional Trading of Autodesk

Several large investors have recently modified their holdings of ADSK. Empowered Funds LLC grew its stake in Autodesk by 127.1% in the 1st quarter. Empowered Funds LLC now owns 38,132 shares of the software company’s stock valued at $9,129,000 after buying an additional 21,341 shares during the last quarter. Lombard Odier Asset Management Europe Ltd lifted its position in Autodesk by 20.6% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 57,391 shares of the software company’s stock worth $13,739,000 after acquiring an additional 9,794 shares during the last quarter. Parallel Advisors LLC lifted its position in Autodesk by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock worth $934,000 after acquiring an additional 438 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Autodesk by 41.4% during the first quarter. NewEdge Advisors LLC now owns 41,069 shares of the software company’s stock valued at $9,832,000 after acquiring an additional 12,031 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in Autodesk by 2.9% during the first quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company’s stock valued at $28,880,000 after acquiring an additional 3,361 shares during the period. 90.24% of the stock is owned by institutional investors.

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.