Sei Investments Co. Boosts Stake in Autodesk, Inc. $ADSK

Sei Investments Co. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 52.8% in the 1st quarter, Holdings Channel reports. The fund owned 395,411 shares of the software company’s stock after acquiring an additional 136,624 shares during the period. Sei Investments Co.’s holdings in Autodesk were worth $94,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Globeflex Capital L P grew its stake in Autodesk by 45.4% during the 1st quarter. Globeflex Capital L P now owns 1,810 shares of the software company’s stock valued at $433,000 after purchasing an additional 565 shares in the last quarter. State of Wyoming raised its position in shares of Autodesk by 246.5% in the 1st quarter. State of Wyoming now owns 790 shares of the software company’s stock valued at $189,000 after purchasing an additional 562 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Autodesk by 1.9% in the 1st quarter. Cetera Investment Advisers now owns 79,224 shares of the software company’s stock valued at $18,966,000 after purchasing an additional 1,496 shares in the last quarter. Aureus Asset Management LLC purchased a new position in shares of Autodesk during the 1st quarter valued at approximately $550,000. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Autodesk by 21.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,301 shares of the software company’s stock valued at $311,000 after buying an additional 233 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $209.75 on Friday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. 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 company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. The business has a 50 day simple moving average of $214.93 and a 200-day simple moving average of $235.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the business 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, equities research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Bank of America reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Guggenheim started coverage on shares of Autodesk in a report on Wednesday. They set a “buy” rating and a $245.00 price objective for the company. KeyCorp dropped their target price on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $323.40.

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.