Autodesk, Inc. $ADSK Stake Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 30.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,654 shares of the software company’s stock after acquiring an additional 2,497 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Autodesk were worth $2,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after purchasing an additional 78,928 shares during the period. State Street Corp lifted its holdings in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC boosted its stake in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after buying an additional 123,691 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares in the last quarter. Finally, Norges Bank acquired a new position in Autodesk during the fourth quarter worth about $867,480,000. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. KeyCorp dropped their target price 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. BNP Paribas Exane initiated coverage on shares of Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price for the company. Finally, Barclays reduced their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Autodesk Price Performance

ADSK stock opened at $205.92 on Wednesday. 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 one year low of $185.50 and a one year high of $329.09. The firm has a market capitalization of $43.45 billion, a PE ratio of 30.02, a P/E/G ratio of 1.31 and a beta of 1.32. The firm has a 50-day moving average of $219.31 and a two-hundred day moving average of $239.70.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 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 company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the company posted $2.29 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. 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, analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

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.