Empowered Funds LLC Raises Position in Autodesk, Inc. $ADSK

Empowered Funds LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 127.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,132 shares of the software company’s stock after purchasing an additional 21,341 shares during the quarter. Empowered Funds LLC’s holdings in Autodesk were worth $9,129,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the 4th quarter valued at about $25,000. Archer Investment Corp lifted its holdings in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk during the 4th quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Autodesk in a report on Tuesday. They issued a “neutral” rating and a $260.00 target price for the company. Piper Sandler decreased their price target on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.07.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 7,935 shares of company stock valued at $1,666,644 over the last three months. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

ADSK opened at $251.66 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a 50 day moving average of $216.31 and a two-hundred day moving average of $232.28. The company has a market cap of $53.10 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.58 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. 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, analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current year.

About Autodesk

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.