Ieq Capital LLC Makes New Investment in Autodesk, Inc. $ADSK

Ieq Capital LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,075 shares of the software company’s stock, valued at approximately $4,486,000.

Several other hedge funds also recently modified their holdings of ADSK. Brighton Jones LLC raised its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $466,000. Baird Financial Group Inc. raised its stake in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after buying an additional 2,795 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.0%

Shares of NASDAQ:ADSK opened at $253.82 on Monday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The business has a 50 day moving average of $219.71 and a 200-day moving average of $231.61. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $53.56 billion, a PE ratio of 37.00, a P/E/G ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates 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 last year, the company 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, equities research analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Piper Sandler decreased their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. The Goldman Sachs Group began coverage on shares of Autodesk in a research note on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective on the stock. Morgan Stanley dropped their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup raised their target price on shares of Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $321.65.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% 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 worth $1,666,644 in the last 90 days. Company 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.