Chevy Chase Trust Holdings LLC Has $35.15 Million Stock Position in Autodesk, Inc. $ADSK

Chevy Chase Trust Holdings LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,547 shares of the software company’s stock after buying an additional 246 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Autodesk worth $35,151,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Beacon Financial Group raised its stake in shares of Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after acquiring an additional 33 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares during the last quarter. Financial Network Wealth Advisors LLC raised its stake in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. Oregon Pacific Wealth Management LLC raised its stake in shares of Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock valued at $262,000 after acquiring an additional 38 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Autodesk by 67.8% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ADSK. Citigroup raised their price target on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company raised their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Macquarie lifted their target price on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Berenberg Bank set a $370.00 target price on shares of Autodesk in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $359.13.

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Company insiders own 0.15% of the company’s stock.

Autodesk Trading Up 1.3%

NASDAQ:ADSK opened at $303.66 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $64.68 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 2.66 and a beta of 1.49. The firm has a fifty day simple moving average of $308.89 and a two-hundred day simple moving average of $295.53. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.