Cambient Family Office LLC Decreases Position in Autodesk, Inc. $ADSK

by · The Markets Daily

Cambient Family Office LLC cut its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 70.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,306 shares of the software company’s stock after selling 12,887 shares during the quarter. Cambient Family Office LLC’s holdings in Autodesk were worth $1,270,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in Autodesk during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Archer Investment Corp boosted 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 valued at $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Up 3.4%

ADSK stock opened at $196.26 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $41.41 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.17 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company’s 50 day simple moving average is $227.71 and its 200-day simple moving average is $247.90.

Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings data 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 return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business earned $2.29 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADSK. Robert W. Baird dropped their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Bank of America restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Rothschild & Co Redburn reduced their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.10.

View Our Latest Analysis on ADSK

Autodesk Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).