Motley Fool Asset Management LLC Raises Stake in Autodesk, Inc. $ADSK

Motley Fool Asset Management LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.3% during the 4th quarter, HoldingsChannel reports. The firm owned 22,545 shares of the software company’s stock after purchasing an additional 4,969 shares during the period. Motley Fool Asset Management LLC’s holdings in Autodesk were worth $6,674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Torren Management LLC purchased a new position in Autodesk during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the 3rd quarter worth $25,000. Archer Investment Corp grew its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the last quarter. High Point Wealth Management LLC purchased a new position in Autodesk during the 4th quarter worth $44,000. Finally, iSAM Funds UK Ltd purchased a new position in Autodesk during the 3rd quarter worth $46,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 0.4%

ADSK stock opened at $224.08 on Wednesday. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The stock has a market capitalization of $47.28 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. 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 company has a fifty day moving average of $237.31 and a 200-day moving average of $256.98.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping 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 company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned $2.29 EPS. The business’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. As a group, analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Activity at Autodesk

In other 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 price 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 approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research reports. Citigroup raised their price objective on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Barclays lowered their price objective 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. Finally, KeyCorp lowered 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.21.

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.