GC Wealth Management RIA LLC Lowers Stock Holdings in Autodesk, Inc. $ADSK

GC Wealth Management RIA LLC reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,379 shares of the software company’s stock after selling 2,394 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Autodesk were worth $2,724,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Piscataqua Savings Bank lifted its stake in Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after purchasing an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its position in shares of Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Autodesk by 3.3% in the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock worth $391,000 after purchasing an additional 42 shares during the period. CENTRAL TRUST Co increased its holdings in shares of Autodesk by 6.2% in the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after purchasing an additional 44 shares during the period. Finally, Smithfield Trust Co raised its position in shares of Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Janesh Moorjani purchased 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock valued at $1,666,644 over the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $209.75 on Friday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. 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 market cap of $44.26 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. The firm’s fifty day moving average price is $214.93 and its 200-day moving average price is $235.32.

Autodesk (NASDAQ:ADSK) last announced its 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 company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business 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, equities research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ADSK. KeyCorp dropped their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Loop Capital decreased their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. Finally, DA Davidson reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Three equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.40.

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.