2,883 Shares in Autodesk, Inc. $ADSK Purchased by Green Alpha Advisors LLC

Green Alpha Advisors LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,883 shares of the software company’s stock, valued at approximately $561,000.

A number of other institutional investors have also recently made changes to their positions in ADSK. Torren Management LLC bought a new position in Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the 4th quarter valued at $25,000. Archer Investment Corp boosted its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. DA Davidson restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Finally, BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $321.65.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired 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 approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 7,935 shares of company stock valued at $1,666,644 over the last three months. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

NASDAQ:ADSK opened at $253.82 on Friday. The company has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.54 and a beta of 1.29. 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 $219.71 and its 200 day moving average is $231.77. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last posted 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 net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $2.29 EPS. The business’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. On average, equities research analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

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.