Lombard Odier Asset Management Europe Ltd Acquires 9,794 Shares of Autodesk, Inc. $ADSK

by · The Markets Daily

Lombard Odier Asset Management Europe Ltd grew its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 20.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 57,391 shares of the software company’s stock after acquiring an additional 9,794 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Autodesk were worth $13,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Moss Adams Wealth Advisors LLC raised its position in Autodesk by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after purchasing an additional 41 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in Autodesk by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after purchasing an additional 44 shares in the last quarter. Smithfield Trust Co grew its stake in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after purchasing an additional 45 shares during the period. Calydon Capital grew its stake in shares of Autodesk by 1.7% in the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after purchasing an additional 45 shares during the period. Finally, Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in 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 in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $234.20 on Monday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The firm has a market cap of $49.42 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. 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 business has a fifty day moving average of $214.23 and a 200-day moving average of $233.26.

Autodesk (NASDAQ:ADSK – Get Free Report) last released 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 business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, equities research analysts predict that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% 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, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ADSK shares. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Piper Sandler reduced their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Barclays lowered their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Finally, Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.40.

Read Our Latest Research Report on ADSK

About Autodesk

(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 Articles

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).