Autodesk, Inc. $ADSK Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 271.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,276 shares of the software company’s stock after acquiring an additional 5,319 shares during the quarter. Gibbs Wealth Management’s holdings in Autodesk were worth $1,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Brighton Jones LLC increased its position in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of Autodesk in the second quarter worth $466,000. Baird Financial Group Inc. raised its stake 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 period. Finally, NewEdge Advisors LLC raised its stake in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after acquiring an additional 2,795 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on ADSK shares. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. BNP Paribas Exane assumed coverage on Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price objective on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Finally, Guggenheim began coverage on shares of Autodesk in a research report on Wednesday. They issued a “buy” rating and a $245.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $323.40.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $205.26 on Friday. 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 fifty-two week low of $185.50 and a fifty-two week high of $329.09. The business has a 50 day moving average price of $215.47 and a two-hundred day moving average price of $235.50. The firm has a market cap of $43.31 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business posted $2.29 EPS. The business’s revenue was up 18.4% on a year-over-year basis. 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 9.64 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company’s stock.

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.