Darwin Wealth Management LLC Raises Holdings in Autodesk, Inc. $ADSK

Darwin Wealth Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 52.5% during the first quarter, Holdings Channel.com reports. The fund owned 7,180 shares of the software company’s stock after purchasing an additional 2,473 shares during the quarter. Darwin Wealth Management LLC’s holdings in Autodesk were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Simplicity Wealth LLC increased its stake in Autodesk by 16.8% during the first quarter. Simplicity Wealth LLC now owns 2,081 shares of the software company’s stock worth $498,000 after acquiring an additional 299 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Autodesk by 30.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 10,654 shares of the software company’s stock valued at $2,550,000 after purchasing an additional 2,497 shares in the last quarter. Range Financial Group LLC lifted its stake in shares of Autodesk by 9.6% in the 1st quarter. Range Financial Group LLC now owns 1,252 shares of the software company’s stock valued at $300,000 after purchasing an additional 110 shares in the last quarter. Texas Bank & Trust Co purchased a new stake in shares of Autodesk during the 1st quarter worth about $438,000. Finally, Waterfront Wealth Inc. increased its position in Autodesk by 5.4% during the 1st quarter. Waterfront Wealth Inc. now owns 4,360 shares of the software company’s stock worth $1,044,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.1%

Shares of NASDAQ:ADSK opened at $208.45 on Friday. 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, 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 of $220.68 and a two-hundred day moving average of $241.36. The company has a market capitalization of $43.98 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its 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. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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, analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets cut their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and set a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Barclays decreased their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, KeyCorp lowered their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $326.10.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,935 shares of company stock valued at $1,666,644 in the last ninety days. Insiders own 0.14% of the company’s stock.

Autodesk 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.