Autodesk, Inc. $ADSK Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 53.5% during the second quarter, HoldingsChannel reports. The firm owned 1,886 shares of the software company’s stock after selling 2,174 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Autodesk were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. Moss Adams Wealth Advisors LLC increased its holdings in shares of Autodesk by 1.0% in the fourth 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 lifted its holdings in shares of Autodesk by 6.2% during the fourth 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 boosted its position in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the last quarter. Calydon Capital boosted its position in Autodesk by 1.7% in the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after buying an additional 45 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, 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 disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 7,935 shares of company stock worth $1,666,644. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Barclays dropped their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday, May 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.07.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $251.66 on Friday. The stock has a market capitalization of $53.10 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm’s 50 day simple moving average is $216.31 and its 200-day simple moving average is $232.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted 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 during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business posted $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. Analysts expect that Autodesk, Inc. will post 9.7 EPS 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.