Motley Fool Wealth Management LLC Has $11.41 Million Holdings in Autodesk, Inc. $ADSK

Motley Fool Wealth Management LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,537 shares of the software company’s stock after selling 6,290 shares during the period. Motley Fool Wealth Management LLC’s holdings in Autodesk were worth $11,407,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC acquired a new stake in shares of Autodesk during the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk during the third quarter valued at about $25,000. Archer Investment Corp boosted its stake 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 in the last quarter. High Point Wealth Management LLC acquired a new stake in shares of Autodesk during the fourth quarter valued at about $44,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Autodesk during the third quarter valued at about $46,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. Argus raised Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Morgan Stanley lowered their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Citigroup raised their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Piper Sandler lowered their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company 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 given a Hold rating to the company’s stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Trading Down 0.4%

Shares of ADSK stock opened at $224.08 on Wednesday. The company has a market cap of $47.28 billion, a P/E ratio of 32.66, a PEG ratio of 1.39 and a beta of 1.29. The stock has a 50 day simple moving average of $237.31 and a two-hundred day simple moving average of $256.98. 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, Inc. has a fifty-two week low of $214.10 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its 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. The business 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 revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was acquired 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 in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

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.