24,226 Shares in Autodesk, Inc. $ADSK Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 24,226 shares of the software company’s stock, valued at approximately $4,710,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. CENTRAL TRUST Co increased 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 valued at $225,000 after acquiring an additional 44 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after purchasing an additional 45 shares in the last quarter. Calydon Capital lifted its holdings in shares of Autodesk by 1.7% in the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after purchasing an additional 45 shares in the last quarter. Archer Investment Corp grew its position in Autodesk by 112.2% in 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 period. Finally, Sunbelt Securities Inc. grew its position in Autodesk by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the business’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 purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated 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 completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADSK shares. Royal Bank Of Canada reduced their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Guggenheim raised their price target on shares of Autodesk from $245.00 to $277.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. Citigroup boosted their price objective on Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Loop Capital lowered their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Two research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.23.

Autodesk Stock Performance

Shares of ADSK stock opened at $251.02 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50-day moving average of $218.61 and a 200-day moving average of $231.62. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a market cap of $52.97 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

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.