Autodesk, Inc. $ADSK Stock Position Decreased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,789 shares of the software company’s stock after selling 413 shares during the quarter. Apollon Wealth Management LLC’s holdings in Autodesk were worth $3,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Beacon Financial Group boosted its holdings in Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after buying an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after buying an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its holdings in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after buying an additional 38 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 buying an additional 40 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ADSK shares. Robert W. Baird raised their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Macquarie upped their price target on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. Berenberg Bank set a $370.00 price target on shares of Autodesk in a research report on Monday, September 1st. Finally, Morgan Stanley upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Down 2.2%

ADSK stock opened at $303.50 on Monday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $64.65 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 2.69 and a beta of 1.49. The company has a 50 day moving average of $308.24 and a two-hundred day moving average of $294.52.

Autodesk (NASDAQ:ADSK) last released 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 company 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 earned $2.15 EPS. The firm’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. On average, equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, 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 transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% 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, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on 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. This represents a 20.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 in the last quarter. 0.15% of the stock is owned by corporate insiders.

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.