Segall Bryant & Hamill LLC Invests $1.80 Million in Autodesk, Inc. $ADSK

Segall Bryant & Hamill LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, Holdings Channel.com reports. The firm bought 7,141 shares of the software company’s stock, valued at approximately $1,798,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Norges Bank acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. raised its position in Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the period. Wellington Management Group LLP grew its position in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after purchasing an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Autodesk by 80.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after buying an additional 936,388 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSK. 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 report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Friday, May 29th. Loop Capital dropped their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada decreased their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Three 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. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.

Insider Activity at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock worth $1,666,644 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 1.1%

NASDAQ:ADSK opened at $237.21 on Wednesday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year 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 fifty day moving average price of $214.09 and a two-hundred day moving average price of $232.84. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 1.45 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business’s revenue was up 18.4% on a year-over-year basis. 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, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.