Clear Harbor Asset Management LLC Acquires Shares of 6,500 Autodesk, Inc. $ADSK

Clear Harbor Asset Management LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,500 shares of the software company’s stock, valued at approximately $1,264,000.

A number of other institutional investors have also made changes to their positions in ADSK. Torren Management LLC acquired a new stake in Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk in the 4th quarter worth $25,000. Archer Investment Corp boosted 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 buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk in the 4th quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 1.1%

Shares of NASDAQ ADSK opened at $253.82 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. The stock’s 50 day moving average price is $219.71 and its two-hundred day moving average price is $231.77. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The stock has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a PEG ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued 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. 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 analyst estimates of $1.89 billion. During the same quarter last year, the firm earned $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. On average, analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price 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. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction 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 $756,800. This trade represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 7,935 shares of company stock worth $1,666,644 over the last ninety days. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Friday, May 29th. Piper Sandler decreased their price target on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. New Street Research set a $277.00 price target on shares of Autodesk in a research note on Thursday. Guggenheim upped their price target on shares of Autodesk from $245.00 to $277.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $321.65.

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.