Autodesk, Inc. $ADSK Position Increased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 137.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,098,800 shares of the software company’s stock after buying an additional 636,528 shares during the quarter. First Trust Advisors LP’s holdings in Autodesk were worth $263,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth $25,000. Torren Management LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $25,000. Archer Investment Corp lifted its holdings 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 purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Autodesk during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 3.6%

Shares of NASDAQ ADSK opened at $203.50 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The business has a 50-day moving average price of $216.04 and a two-hundred day moving average price of $236.08. The firm has a market capitalization of $42.94 billion, a PE ratio of 29.66, a PEG ratio of 1.30 and a beta of 1.32.

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

Insider Activity at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost 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 of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Guggenheim started coverage on Autodesk in a research note on Wednesday. They issued a “buy” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Robert W. Baird cut their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Bank of America reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Arete Research lowered their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $326.10.

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.