Tobam Acquires 3,138 Shares of Autodesk, Inc. $ADSK

Tobam raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1,093.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,425 shares of the software company’s stock after acquiring an additional 3,138 shares during the period. Tobam’s holdings in Autodesk were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk during the fourth quarter worth $25,000. Torren Management LLC bought a new position in Autodesk during the fourth quarter worth $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in Autodesk in the 4th quarter valued at $27,000. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, 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. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ADSK shares. Bank of America restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Arete Research reduced their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Friday, May 29th. Finally, KeyCorp reduced 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Stock Performance

Shares of Autodesk stock opened at $193.82 on Friday. Autodesk, Inc. has a 12-month low of $190.86 and a 12-month high of $329.09. The stock has a market capitalization of $40.90 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. The company has a 50-day simple moving average of $231.38 and a 200 day simple moving average of $251.95. 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 (NASDAQ:ADSK) last released its quarterly 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 firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period 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. Research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.