4,190 Shares in Autodesk, Inc. $ADSK Purchased by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,190 shares of the software company’s stock, valued at approximately $1,003,000.

Several other hedge funds have also added to or reduced their stakes in ADSK. Torren Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in 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 during the period. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk in the fourth quarter valued at approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $207.48 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The business has a fifty day moving average price of $224.13 and a 200-day moving average price of $244.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $43.78 billion, a P/E ratio of 30.24, a PEG ratio of 1.23 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 for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business earned $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. As a group, equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ADSK. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Loop Capital dropped their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. 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. Wells Fargo & Company decreased their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, KeyCorp lowered their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $326.10.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction on 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 acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock valued at $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.