Asset Management One Co. Ltd. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,128 shares of the software company’s stock after acquiring an additional 2,340 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Autodesk were worth $28,830,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new position in Autodesk during the 1st quarter valued at about $27,000. SouthState Corp lifted its position in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Livelsberger Financial Advisory acquired a new position in Autodesk during the 2nd quarter valued at about $31,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Finally, Costello Asset Management INC acquired a new position in Autodesk during the 1st quarter valued at about $26,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. 0.15% of the stock is owned by company insiders.
Autodesk Stock Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted $2.15 earnings per share. Autodesk’s revenue for the quarter was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Analyst Upgrades and Downgrades
ADSK has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Citigroup upped their target price on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Piper Sandler upped their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Barclays upped their target price on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Stifel Nicolaus increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $359.13.
Read Our Latest Stock Analysis on ADSK
Autodesk Company 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.
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