Autodesk, Inc. $ADSK Holdings Lifted by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 11.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 109,484 shares of the software company’s stock after acquiring an additional 11,671 shares during the quarter. Autodesk accounts for about 2.2% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 11th biggest position. Leith Wheeler Investment Counsel Ltd.’s holdings in Autodesk were worth $26,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk in the fourth quarter worth $25,000. Torren Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk during the fourth quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. Rothschild & Co Redburn dropped their price target 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. Citigroup upped their price target on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Robert W. Baird reduced their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Barclays lowered their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Trading Down 0.3%

Shares of ADSK stock opened at $217.80 on Tuesday. The stock has a 50-day simple moving average of $217.06 and a 200 day simple moving average of $237.33. The stock has a market capitalization of $45.96 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.34 and a beta of 1.32. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week 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.

Autodesk (NASDAQ:ADSK) last issued its quarterly 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 net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business earned $2.29 earnings per share. Autodesk’s revenue for the quarter 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. On average, sell-side analysts expect that Autodesk, Inc. will post 9.64 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 Autodesk 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 acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% 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 worth $1,666,644 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

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.