GW Henssler & Associates Ltd. Grows Stock Holdings in Autodesk, Inc. $ADSK

GW Henssler & Associates Ltd. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 7.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,129 shares of the software company’s stock after acquiring an additional 2,896 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Autodesk were worth $12,471,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. New Mexico Educational Retirement Board lifted its position in Autodesk by 1.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 9,807 shares of the software company’s stock valued at $2,903,000 after acquiring an additional 100 shares during the last quarter. Ellevest Inc. increased its stake in Autodesk by 5.9% during the 4th quarter. Ellevest Inc. now owns 1,001 shares of the software company’s stock valued at $296,000 after purchasing an additional 56 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Autodesk by 8.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 90,990 shares of the software company’s stock valued at $26,934,000 after purchasing an additional 7,205 shares in the last quarter. Essex Financial Services Inc. increased its stake in Autodesk by 17.4% during the 4th quarter. Essex Financial Services Inc. now owns 1,101 shares of the software company’s stock valued at $326,000 after purchasing an additional 163 shares in the last quarter. Finally, Railway Pension Investments Ltd increased its stake in Autodesk by 370.3% during the 4th quarter. Railway Pension Investments Ltd now owns 171,152 shares of the software company’s stock valued at $50,663,000 after purchasing an additional 134,760 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Friday. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Barclays lowered their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $327.21.

View Our Latest Research Report on Autodesk

Autodesk Price Performance

Autodesk stock opened at $248.16 on Tuesday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The stock has a market cap of $52.40 billion, a P/E ratio of 36.17, a PEG ratio of 1.49 and a beta of 1.30. The company has a 50-day moving average price of $238.53 and a 200 day moving average price of $259.76. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSKGet Free Report) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.29 earnings per share. Autodesk’s revenue 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. Sell-side analysts anticipate that Autodesk, Inc. will post 9.36 earnings per share for the current year.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

About Autodesk

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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