Glenmede Trust Co. NA Raises Position in Autodesk, Inc. $ADSK

Glenmede Trust Co. NA lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 120,637 shares of the software company’s stock after acquiring an additional 3,361 shares during the period. Glenmede Trust Co. NA’s holdings in Autodesk were worth $28,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Torren Management LLC purchased a new position in Autodesk in the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Archer Investment Corp grew its stake in shares of Autodesk by 112.2% in the fourth 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 fourth quarter valued at approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Loop Capital cut their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. BMO Capital Markets decreased their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. BNP Paribas Exane began coverage on Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Finally, Piper Sandler dropped their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Autodesk Stock Performance

ADSK opened at $234.20 on Friday. The company’s 50 day moving average is $214.23 and its 200 day moving average is $233.57. 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 company has a market cap of $49.42 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.44 and a beta of 1.32. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. 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, equities research analysts predict that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Transactions at Autodesk

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

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.