Twin Capital Management Inc. Sells 2,814 Shares of Autodesk, Inc. $ADSK

by · The Cerbat Gem

Twin Capital Management Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 41.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,920 shares of the software company’s stock after selling 2,814 shares during the period. Twin Capital Management Inc.’s holdings in Autodesk were worth $938,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ADSK. Piscataqua Savings Bank raised its position in shares of Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after acquiring an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its position in Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after buying an additional 41 shares in the last quarter. Trust Point Inc. raised its stake in Autodesk by 3.3% during the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after buying an additional 42 shares during the last quarter. CENTRAL TRUST Co raised its stake 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 buying an additional 44 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after acquiring an additional 45 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $217.06 on Friday. 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 $45.80 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.29 and a beta of 1.32. The firm’s fifty day moving average is $217.95 and its two-hundred day moving average is $238.48. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The firm’s 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. As a group, analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ADSK shares. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. KeyCorp lowered their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company reduced their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Finally, Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.10.

Read Our Latest Report on Autodesk

Insider Buying and Selling

In other news, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,935 shares of company stock valued at $1,666,644 in the last ninety days. 0.14% of the stock is owned by company insiders.

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.

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