Cumberland Partners Ltd Sells 18,646 Shares of Autodesk, Inc. $ADSK

Cumberland Partners Ltd decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 72.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the software company’s stock after selling 18,646 shares during the quarter. Cumberland Partners Ltd’s holdings in Autodesk were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ADSK. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the fourth quarter valued at about $25,000. Torren Management LLC bought a new position in shares of Autodesk during the 4th quarter worth about $25,000. Archer Investment Corp boosted its position in shares of Autodesk by 112.2% during the 4th 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. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 2.2%

ADSK stock opened at $209.75 on Friday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve 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. The stock’s 50 day moving average is $214.93 and its 200-day moving average is $235.32. The firm has a market capitalization of $44.26 billion, a PE ratio of 30.58, a P/E/G ratio of 1.26 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results 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. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. KeyCorp decreased their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. Morgan Stanley cut their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, DA Davidson reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.40.

Insider Transactions at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. 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.