Calamos Advisors LLC Trims Stock Position in Autodesk, Inc. $ADSK

Calamos Advisors LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,474 shares of the software company’s stock after selling 2,488 shares during the period. Calamos Advisors LLC’s holdings in Autodesk were worth $8,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after buying an additional 78,928 shares during the last quarter. State Street Corp boosted its stake in shares of Autodesk by 0.7% during the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after acquiring an additional 70,053 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Autodesk by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after purchasing an additional 155,255 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Autodesk in the 4th quarter worth $867,480,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 2.4%

Shares of ADSK stock opened at $251.66 on Friday. 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 has a fifty day simple moving average of $216.31 and a two-hundred day simple moving average of $232.28. The firm has a market capitalization of $53.10 billion, a PE ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released 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. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. KeyCorp lowered their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Bank of America reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. Rothschild & Co Redburn cut their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.07.

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.