State of Wyoming Purchases Shares of 2,121 Autodesk, Inc. $ADSK

State of Wyoming acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, HoldingsChannel reports. The institutional investor acquired 2,121 shares of the software company’s stock, valued at approximately $412,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Autodesk during the 2nd quarter valued at about $466,000. Baird Financial Group Inc. lifted its holdings in shares of Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after acquiring an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were 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 of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Piper Sandler dropped their price target 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. Rothschild & Co Redburn reduced their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane began coverage on Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Price Performance

NASDAQ ADSK opened at $246.79 on Wednesday. The company has a market cap of $52.07 billion, a PE ratio of 35.98, a P/E/G ratio of 1.54 and a beta of 1.29. The firm’s 50 day moving average price is $217.10 and its 200-day moving average price is $231.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share 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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm earned $2.29 earnings per share. Autodesk’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. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 EPS 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.