WCG Wealth Advisors LLC Invests $5.14 Million in Autodesk, Inc. $ADSK

WCG Wealth Advisors LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 17,370 shares of the software company’s stock, valued at approximately $5,142,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after acquiring an additional 123,691 shares in the last quarter. Norges Bank purchased a new stake in shares of Autodesk during the fourth quarter worth about $867,480,000. Amundi increased its holdings in shares of Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after acquiring an additional 79,171 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Autodesk by 0.4% in the 3rd quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock valued at $799,792,000 after purchasing an additional 10,169 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ADSK shares. Wolfe Research boosted their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Piper Sandler dropped their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Royal Bank Of Canada reduced their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Finally, Oppenheimer dropped their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

View Our Latest Stock Analysis on Autodesk

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

Autodesk Trading Up 1.8%

Autodesk stock opened at $233.64 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09. The stock’s 50 day simple moving average is $237.83 and its two-hundred day simple moving average is $258.36. The firm has a market cap of $49.30 billion, a PE ratio of 34.06, a P/E/G ratio of 1.46 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Autodesk Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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