Westerkirk Capital Inc. Raises Stake in Autodesk, Inc. $ADSK

Westerkirk Capital Inc. increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 50.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,020 shares of the software company’s stock after buying an additional 3,034 shares during the quarter. Westerkirk Capital Inc.’s holdings in Autodesk were worth $2,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new stake in Autodesk in the 3rd quarter valued at about $25,000. Torren Management LLC bought a new stake in Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp raised its stake in 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 acquiring an additional 46 shares during the period. iSAM Funds UK Ltd bought a new stake in Autodesk in the 3rd quarter valued at about $46,000. Finally, High Point Wealth Management LLC bought a new stake in Autodesk in the 4th quarter valued at about $44,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 2.1%

Shares of ADSK opened at $225.04 on Tuesday. The business’s 50-day moving average price is $237.42 and its 200-day moving average price is $257.45. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09. The stock has a market cap of $47.48 billion, a PE ratio of 32.80, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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 return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. Autodesk’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. On average, equities analysts forecast that Autodesk, Inc. will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. Oppenheimer lowered their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. KeyCorp lowered their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Citigroup upped their price target on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Argus upgraded Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $327.21.

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.