IRON Financial LLC Acquires New Holdings in Autodesk, Inc. $ADSK

IRON Financial LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, Holdings Channel reports. The firm bought 3,848 shares of the software company’s stock, valued at approximately $921,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. OFI Invest Asset Management boosted its position in shares of Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after acquiring an additional 37,449 shares during the period. Man Group plc increased its position in Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares during the period. SG Americas Securities LLC increased its position in Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after acquiring an additional 167,064 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after purchasing an additional 169,099 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Autodesk by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock worth $280,166,000 after purchasing an additional 4,845 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Autodesk in a research report on Wednesday, June 3rd. Piper Sandler lowered their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. BNP Paribas Exane started coverage on Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price target for the company. Citigroup raised their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Robert W. Baird decreased their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

Insider Activity

In other news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $207.48 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $43.78 billion, a PE ratio of 30.24, a PEG ratio of 1.28 and a beta of 1.32. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The stock has a 50 day simple moving average of $223.32 and a 200-day simple moving average of $244.42.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS 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 business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

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.