Patron Partners LLC Invests $709,000 in Autodesk, Inc. $ADSK

Patron Partners LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,649 shares of the software company’s stock, valued at approximately $709,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in Autodesk in the second quarter valued at approximately $466,000. Baird Financial Group Inc. increased its holdings in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the period. Finally, NewEdge Advisors LLC raised its position in Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Guggenheim raised their target price on shares of Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday. Finally, The Goldman Sachs Group assumed coverage on Autodesk in a research note on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.65.

Autodesk Stock Up 1.1%

ADSK opened at $253.82 on Friday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two 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. The company has a fifty day moving average of $219.71 and a two-hundred day moving average of $231.77. The stock has a market capitalization of $53.56 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. Autodesk’s quarterly 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. On average, research analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 7,935 shares of company stock valued at $1,666,644 in the last three months. 0.14% of the stock is currently owned by company 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.