Strs Ohio Trims Stock Position in Autodesk, Inc. $ADSK

Strs Ohio trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,465 shares of the software company’s stock after selling 2,814 shares during the period. Strs Ohio’s holdings in Autodesk were worth $10,884,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. BNP Paribas Exane assumed coverage on shares of Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. KeyCorp cut their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Insider Activity at Autodesk

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

Autodesk Stock Performance

NASDAQ ADSK opened at $207.48 on Monday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a 50-day moving average of $223.32 and a 200-day moving average of $244.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $43.78 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.28 and a beta of 1.32.

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

Autodesk Company 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.