Tensor Edge Capital LLC Takes Position in Autodesk, Inc. $ADSK

Tensor Edge Capital LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 129,100 shares of the software company’s stock, valued at approximately $30,907,000. Autodesk makes up approximately 5.3% of Tensor Edge Capital LLC’s holdings, making the stock its 9th biggest position.

A number of other large investors have also recently made changes to their positions in ADSK. Piscataqua Savings Bank raised its holdings in Autodesk by 33.3% in the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after acquiring an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Autodesk by 1.0% in the 4th 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 in the last quarter. Trust Point Inc. lifted its position in shares of Autodesk by 3.3% during the 4th quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock worth $391,000 after purchasing an additional 42 shares during the last quarter. FourThought Financial Partners LLC lifted its position in shares of Autodesk by 5.0% during the 3rd quarter. FourThought Financial Partners LLC now owns 899 shares of the software company’s stock worth $286,000 after purchasing an additional 43 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake 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 in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ ADSK opened at $207.48 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’s fifty day moving average price is $223.32 and its 200 day moving average price is $244.42. The company has a market capitalization of $43.78 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $2.29 EPS. Autodesk’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. On average, sell-side analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. BNP Paribas Exane started coverage on Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price on the stock. Loop Capital decreased their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Argus raised Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Piper Sandler dropped their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Arete Research cut their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

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.