Texas Bank & Trust Co Grows Position in Autodesk, Inc. $ADSK

Texas Bank & Trust Co grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 125.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,129 shares of the software company’s stock after purchasing an additional 2,299 shares during the quarter. Texas Bank & Trust Co’s holdings in Autodesk were worth $803,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the 4th quarter worth about $25,000. Torren Management LLC bought a new position in Autodesk in the 4th quarter worth about $25,000. Archer Investment Corp boosted its stake 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 purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 over the last three months. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $251.66 on Friday. The firm has a market capitalization 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. 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’s 50-day simple moving average is $216.31 and its two-hundred day simple moving average is $232.28. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADSK. Rothschild & Co Redburn decreased their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Piper Sandler reduced their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. BNP Paribas Exane assumed coverage on shares of Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price on the stock. BMO Capital Markets decreased their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Finally, Citigroup increased their target price on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.07.

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.