Groupe la Francaise Buys 3,465 Shares of Autodesk, Inc. $ADSK

Groupe la Francaise lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,211 shares of the software company’s stock after buying an additional 3,465 shares during the period. Groupe la Francaise’s holdings in Autodesk were worth $6,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Moss Adams Wealth Advisors LLC raised its stake in Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares during the period. CENTRAL TRUST Co boosted its stake in Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after purchasing an additional 44 shares during the period. Smithfield Trust Co grew its holdings in Autodesk by 5.3% during the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares in the last quarter. Calydon Capital grew its holdings in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after buying an additional 45 shares in the last quarter. Finally, Archer Investment Corp raised its position in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Morgan Stanley cut their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Loop Capital reduced their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Rothschild & Co Redburn decreased their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.40.

Insiders Place Their Bets

In related news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the 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 completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was 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 ninety days. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $234.20 on Friday. The firm has a fifty day simple moving average of $214.23 and a two-hundred day simple moving average of $233.57. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. 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 capitalization of $49.42 billion, a P/E ratio of 34.14, a PEG ratio of 1.45 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $2.29 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. 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 9.64 earnings per share for the current fiscal 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.