Praxis Investment Management Inc. Boosts Stake in Autodesk, Inc. $ADSK

Praxis Investment Management Inc. increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 168.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,191 shares of the software company’s stock after acquiring an additional 5,771 shares during the period. Praxis Investment Management Inc.’s holdings in Autodesk were worth $2,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $207.48 on Friday. The business has a fifty day moving average price of $223.32 and a 200 day moving average price of $244.42. Autodesk, Inc. has a one year low of $185.50 and a one year 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 market cap of $43.78 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.28 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. 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 anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Arete Research dropped their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Rothschild & Co Redburn decreased their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Loop Capital dropped their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reduced their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

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.