Perigon Wealth Management LLC Invests $424,000 in Autodesk, Inc. $ADSK

Perigon Wealth Management LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,180 shares of the software company’s stock, valued at approximately $424,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Quantinno Capital Management LP increased its holdings in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after purchasing an additional 58,285 shares during the last quarter. SG Americas Securities LLC boosted its stake in Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after buying an additional 167,064 shares during the last quarter. Man Group plc grew its holdings in Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares in the last quarter. Seilern Investment Management Ltd grew its holdings in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after buying an additional 22,547 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Autodesk by 9.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company’s stock worth $247,167,000 after acquiring an additional 85,967 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $251.02 on Friday. The company has a market cap of $52.97 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50 day moving average price is $218.61 and its 200-day moving average price is $231.62. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The shares were 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 $10,079,786.31. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADSK shares. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday, May 29th. New Street Research set a $277.00 price target on shares of Autodesk in a research report on Thursday. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Barclays reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $321.23.

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.