Trust Co. of Vermont Acquires New Stake in Autodesk, Inc. $ADSK

Trust Co. of Vermont bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,720 shares of the software company’s stock, valued at approximately $2,473,000.

Other hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Autodesk in the 2nd quarter worth about $103,573,000. OneDigital Investment Advisors LLC bought a new stake in Autodesk in the 2nd quarter valued at about $848,000. Plato Investment Management Ltd purchased a new stake in Autodesk during the second quarter valued at about $1,702,000. Simplicity Wealth LLC purchased a new stake in Autodesk during the second quarter valued at about $246,000. Finally, Uniting Wealth Partners LLC bought a new position in Autodesk during the second quarter worth about $214,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

NASDAQ:ADSK opened at $241.64 on Tuesday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The stock has a fifty day moving average of $216.64 and a 200 day moving average of $231.81. 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 firm has a market capitalization of $50.99 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company earned $2.29 EPS. The company’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. On average, research analysts expect that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of several recent research reports. Royal Bank Of Canada reduced their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. BMO Capital Markets dropped their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Piper Sandler reduced their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, KeyCorp lowered their target price on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Three 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. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $321.07.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost 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 in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by corporate insiders.

About Autodesk

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.