Diversify Wealth Management LLC Makes New Investment in Autodesk, Inc. $ADSK

Diversify Wealth Management LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,181 shares of the software company’s stock, valued at approximately $1,222,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Autodesk during the fourth quarter worth $867,480,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after acquiring an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after acquiring an additional 952,343 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Autodesk by 103.5% during the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after acquiring an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after purchasing an additional 936,388 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.5%

Shares of ADSK opened at $208.98 on Thursday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The firm has a market capitalization of $44.09 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $218.63 and its 200 day simple moving average is $239.07.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADSK shares. Bank of America reissued a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Loop Capital lowered their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. DA Davidson reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Finally, Citigroup raised their target price on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Two investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

Autodesk 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.