Parcion Private Wealth LLC Increases Stock Holdings in Autodesk, Inc. $ADSK

Parcion Private Wealth LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 16.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,241 shares of the software company’s stock after acquiring an additional 171 shares during the quarter. Parcion Private Wealth LLC’s holdings in Autodesk were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ADSK. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the first quarter worth $27,000. SouthState Corp lifted its holdings 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 purchasing an additional 80 shares during the period. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the second quarter worth $31,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 worth $31,000 after purchasing an additional 40 shares during the period. Finally, Costello Asset Management INC acquired a new stake in shares of Autodesk during the first quarter worth $26,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,386 shares of company stock worth $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADSK shares. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. Mizuho increased their price target on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus increased their price target on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Piper Sandler increased their price objective on Autodesk from $361.00 to $373.00 and gave the stock 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 issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Down 0.8%

NASDAQ:ADSK opened at $308.15 on Thursday. The stock has a fifty day moving average price of $310.33 and a two-hundred day moving average price of $296.60. The stock has a market capitalization of $65.64 billion, a price-to-earnings ratio of 63.80, a PEG ratio of 2.75 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 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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). 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 analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $2.15 EPS. 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. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal 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.