O Shaughnessy Asset Management LLC Boosts Holdings in Autodesk, Inc. $ADSK

O Shaughnessy Asset Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 50,944 shares of the software company’s stock after purchasing an additional 3,815 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Autodesk were worth $15,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Torren Management LLC bought a new position in shares of Autodesk in the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk in the 3rd quarter worth $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. High Point Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth $44,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Autodesk in the 3rd quarter worth $46,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ADSK. Deutsche Bank Aktiengesellschaft decreased their price target 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. BMO Capital Markets reduced their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. DA Davidson reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Finally, Barclays reduced their target price 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

Autodesk Price Performance

Shares of Autodesk stock opened at $224.08 on Wednesday. The firm has a market cap of $47.28 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. 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 company’s fifty day simple moving average is $237.31 and its two-hundred day simple moving average is $256.98.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. 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 9.64 EPS for the current year.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

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.