Foyston Gordon & Payne Inc Takes Position in Autodesk, Inc. $ADSK

Foyston Gordon & Payne Inc acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, Holdings Channel.com reports. The firm acquired 27,028 shares of the software company’s stock, valued at approximately $5,354,000.

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

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 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 company insiders.

Autodesk Price Performance

Shares of ADSK stock opened at $253.82 on Friday. The stock has a 50 day moving average of $219.71 and a two-hundred day moving average of $231.77. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities analysts expect that Autodesk, Inc. will post 9.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADSK. Wells Fargo & Company decreased their target price on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of Autodesk in a report on Friday, May 29th. Rothschild & Co Redburn lowered their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday. Finally, Bank of America reiterated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $321.65.

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.