GW Henssler & Associates Ltd. Purchases 2,896 Shares of Autodesk, Inc. $ADSK

GW Henssler & Associates Ltd. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,129 shares of the software company’s stock after acquiring an additional 2,896 shares during the period. GW Henssler & Associates Ltd.’s holdings in Autodesk were worth $12,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Norges Bank bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Autodesk by 326.9% in the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after purchasing an additional 702,974 shares during the last quarter. First Trust Advisors LP boosted its holdings in Autodesk by 197.1% in the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after purchasing an additional 604,235 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Autodesk by 51,159.6% in the third quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock worth $162,836,000 after purchasing an additional 511,596 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Rothschild & Co Redburn dropped their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp decreased their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Arete Research reduced their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a report on Monday. Two 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.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $327.21.

Check Out Our Latest Analysis on ADSK

Autodesk Price Performance

ADSK stock opened at $248.16 on Tuesday. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $238.53 and a 200 day moving average price of $259.76. The stock has a market cap of $52.40 billion, a PE ratio of 36.17, a P/E/G ratio of 1.49 and a beta of 1.30.

Autodesk (NASDAQ:ADSKGet Free Report) last released its quarterly earnings results 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 net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $2.29 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Autodesk, Inc. will post 9.36 earnings per share for the current year.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Key Headlines Impacting Autodesk

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Autodesk Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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