Global Retirement Partners LLC Takes Position in Autodesk, Inc. $ADSK

Global Retirement Partners LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,955 shares of the software company’s stock, valued at approximately $963,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Autodesk during the second quarter worth $228,908,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Autodesk in the second quarter valued at $346,000. State of Wyoming acquired a new position in Autodesk in the second quarter valued at $412,000. ABN AMRO Bank N.V. acquired a new position in Autodesk in the second quarter valued at $16,671,000. Finally, GSA Capital Partners LLP purchased a new position in Autodesk during the second quarter worth about $243,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,935 shares of company stock valued at $1,666,644 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ADSK shares. The Goldman Sachs Group started coverage on Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price target on the stock. Rothschild & Co Redburn dropped their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Wells Fargo & Company decreased their target price 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. Finally, Guggenheim assumed coverage on shares of Autodesk in a report on Wednesday, July 22nd. They issued a “buy” rating and a $245.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Autodesk Price Performance

Shares of Autodesk stock opened at $246.79 on Wednesday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The stock has a market capitalization of $52.07 billion, a P/E ratio of 35.98, a PEG ratio of 1.54 and a beta of 1.29. 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 business’s fifty day moving average price is $217.10 and its 200 day moving average price is $231.66.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, research analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current year.

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.