Sterling Capital Management LLC Has $3.58 Million Holdings in Autodesk, Inc. $ADSK

Sterling Capital Management LLC lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,957 shares of the software company’s stock after selling 3,581 shares during the period. Sterling Capital Management LLC’s holdings in Autodesk were worth $3,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Torren Management LLC bought a new position in shares of Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the 4th quarter valued at approximately $25,000. Archer Investment Corp lifted its stake in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 3.4%

Shares of Autodesk stock opened at $196.26 on Friday. The stock has a market cap of $41.41 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.21 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The business’s 50 day moving average is $227.71 and its 200-day moving average is $247.90.

Autodesk (NASDAQ:ADSK) last released its 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 net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.29 earnings per share. The firm’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. Equities research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 7,935 shares of company stock worth $1,666,644 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADSK. KeyCorp decreased their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. 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 report on Friday, May 29th. Robert W. Baird decreased their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Barclays cut their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Two equities 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.10.

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.