Autodesk, Inc. $ADSK is Oberndorf William E’s 2nd Largest Position

Oberndorf William E grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.9% during the second quarter, Holdings Channel reports. The institutional investor owned 42,124 shares of the software company’s stock after purchasing an additional 10,895 shares during the quarter. Autodesk accounts for 14.4% of Oberndorf William E’s holdings, making the stock its 2nd largest holding. Oberndorf William E’s holdings in Autodesk were worth $13,040,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC boosted its position in Autodesk by 4.1% during the second quarter. Perennial Investment Advisors LLC now owns 1,361 shares of the software company’s stock worth $421,000 after purchasing an additional 53 shares during the period. Portside Wealth Group LLC lifted its stake in shares of Autodesk by 9.3% during the 2nd quarter. Portside Wealth Group LLC now owns 5,528 shares of the software company’s stock valued at $1,711,000 after buying an additional 471 shares in the last quarter. Vanguard Group Inc. grew its stake in Autodesk by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after buying an additional 180,596 shares in the last quarter. Empowered Funds LLC raised its holdings in Autodesk by 277.2% during the 2nd quarter. Empowered Funds LLC now owns 75,332 shares of the software company’s stock valued at $23,321,000 after acquiring an additional 55,363 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Autodesk by 22.4% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 1,442 shares of the software company’s stock worth $446,000 after acquiring an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ADSK. Oppenheimer raised their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Citigroup reduced their price objective on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating for the company in a research note on Friday. UBS Group raised their price target on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. HSBC set a $343.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Barclays lifted their price target on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $358.13.

Autodesk Price Performance

Shares of Autodesk stock opened at $291.96 on Tuesday. The firm has a market capitalization of $62.19 billion, a PE ratio of 60.45, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The business’s 50-day moving average price is $311.11 and its 200-day moving average price is $302.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.72 billion. During the same period last year, the business posted $2.15 earnings per share. The company’s revenue 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. Sell-side analysts forecast 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 Autodesk 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 transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ayanna Howard sold 3,159 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director directly owned 4,393 shares of the company’s stock, valued at $1,427,725. The trade was a 41.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last 90 days. 0.15% of the stock is owned by insiders.

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.