Silvant Capital Management LLC Invests $23.54 Million in Autodesk, Inc. $ADSK

Silvant Capital Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 121,094 shares of the software company’s stock, valued at approximately $23,543,000. Autodesk makes up approximately 0.7% of Silvant Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Silvant Capital Management LLC owned 0.06% of Autodesk at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp boosted its stake 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 in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group reiterated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. The Goldman Sachs Group started coverage on Autodesk in a research report on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective for the company. Wells Fargo & Company cut their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $321.23.

Autodesk Trading Down 0.1%

NASDAQ ADSK opened at $251.02 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.54 and a beta of 1.29. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The business’s fifty day moving average is $218.61 and its 200-day moving average is $231.62.

Autodesk (NASDAQ:ADSK) last released 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $2.29 EPS. The company’s 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. Equities research analysts predict that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Transactions at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of 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 SEC filing for this purchase provides additional information. Insiders acquired 7,935 shares of company stock worth $1,666,644 over the last quarter. 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.