Cetera Investment Advisers Boosts Stock Position in Autodesk, Inc. $ADSK

Cetera Investment Advisers lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 68,049 shares of the software company’s stock after purchasing an additional 1,098 shares during the quarter. Cetera Investment Advisers’ holdings in Autodesk were worth $21,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp raised its stake in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Autodesk during the 1st quarter valued at $26,000. Close Asset Management Ltd purchased a new position in Autodesk in the 1st quarter worth $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the first quarter worth $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Autodesk during the first quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the transaction, the director owned 3,476 shares in the company, valued at $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADSK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. HSBC set a $343.00 price objective on Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 1st. Robert W. Baird raised their target price on shares of Autodesk from $363.00 to $367.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Rosenblatt Securities upped their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.30.

Autodesk Stock Up 0.1%

Shares of NASDAQ:ADSK opened at $292.23 on Wednesday. The stock’s 50-day moving average is $310.45 and its 200 day moving average is $302.62. The company has a market cap of $62.24 billion, a PE ratio of 60.50, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share 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 during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business posted $2.15 earnings per share. Autodesk’s quarterly 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 anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.