Sterling Capital Management LLC Sells 3,581 Shares of Autodesk, Inc. $ADSK

Sterling Capital Management LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,957 shares of the software company’s stock after selling 3,581 shares during the period. Sterling Capital Management LLC’s holdings in Autodesk were worth $3,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp grew its holdings 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 in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk in the 4th quarter valued at $27,000. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 3.4%

Shares of NASDAQ ADSK opened at $196.26 on Friday. The stock has a market capitalization of $41.41 billion, a P/E ratio of 28.61, a PEG ratio of 1.21 and a beta of 1.29. The stock’s fifty day moving average is $227.71 and its 200 day moving average is $247.90. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADSK shares. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. KeyCorp cut their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Rothschild & Co Redburn decreased their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Finally, Citigroup lifted their price target on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

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.