GAMMA Investing LLC Sells 3,376 Shares of Autodesk, Inc. $ADSK

GAMMA Investing LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 40.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,068 shares of the software company’s stock after selling 3,376 shares during the period. GAMMA Investing LLC’s holdings in Autodesk were worth $985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought 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 3rd quarter worth $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the 4th quarter worth $25,000. Archer Investment Corp grew its position in shares of 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 buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk during the fourth quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 2.7%

NASDAQ ADSK opened at $249.08 on Friday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a 50 day moving average price of $214.54 and a 200 day moving average price of $232.63. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market cap of $52.56 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $2.29 earnings per share. 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, sell-side analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. Weiss Ratings downgraded Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Robert W. Baird cut their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Piper Sandler reduced their price target on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th. BNP Paribas Exane began coverage on shares of Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price target for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Insider Buying and Selling

In related news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock worth $1,666,644 in the last three months. Corporate insiders own 0.14% of the company’s stock.

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.