Callan Family Office LLC Invests $1.59 Million in Autodesk, Inc. $ADSK

Callan Family Office LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,172 shares of the software company’s stock, valued at approximately $1,589,000.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Torren Management LLC acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the fourth quarter worth $25,000. Archer Investment Corp lifted its stake in shares of 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 acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the 4th quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ADSK. Robert W. Baird upped their target price on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson reissued a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. Bank of America reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. UBS Group restated a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Finally, Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $321.65.

Autodesk Stock Performance

NASDAQ ADSK opened at $253.82 on Monday. The company has a market capitalization of $53.56 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.55 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. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The stock has a fifty day simple moving average of $219.71 and a 200 day simple moving average of $231.61.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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 firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. 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 expect that Autodesk, Inc. will post 9.7 EPS for the current 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.