Sage Capital Advisors llc Makes New $4.01 Million Investment in Autodesk, Inc. $ADSK

Sage Capital Advisors llc purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,609 shares of the software company’s stock, valued at approximately $4,007,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Archer Investment Corp boosted 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 valued at $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Autodesk in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research analyst reports. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. BNP Paribas Exane began coverage on Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price on the stock. Robert W. Baird lowered their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Rosenblatt Securities restated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research note on Monday, June 1st. Finally, Barclays cut their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Three 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.40.

Autodesk Trading Up 2.8%

NASDAQ:ADSK opened at $256.07 on Tuesday. The business’s 50-day moving average is $214.69 and its two-hundred day moving average is $232.41. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm has a market capitalization of $54.03 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The firm’s quarterly 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. Research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.