Freedom Investment Management Inc. Has $394,000 Stake in Autodesk, Inc. $ADSK

Freedom Investment Management Inc. reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,274 shares of the software company’s stock after selling 199 shares during the period. Freedom Investment Management Inc.’s holdings in Autodesk were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ADSK. SouthState Corp boosted its stake in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares during the period. Costello Asset Management INC bought a new stake in shares of Autodesk in the first quarter valued at approximately $26,000. Close Asset Management Ltd bought a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Up 1.0%

Shares of NASDAQ:ADSK opened at $312.88 on Monday. The company has a fifty day moving average of $311.38 and a 200-day moving average of $298.22. The company has a market capitalization of $66.64 billion, a PE ratio of 64.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion for 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 firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The stock was 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 $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. The trade was a 20.87% 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. Loop Capital started coverage on Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 price target for the company. Citigroup upped their target price on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Berenberg Bank set a $370.00 target price on Autodesk in a research note on Monday, September 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

About Autodesk

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.