Securian Asset Management Inc. Reduces Position in Autodesk, Inc. $ADSK

Securian Asset Management Inc. reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,214 shares of the software company’s stock after selling 151 shares during the quarter. Securian Asset Management Inc.’s holdings in Autodesk were worth $3,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC increased its holdings in Autodesk by 53.7% in the second quarter. Bogart Wealth LLC now owns 126 shares of the software company’s stock valued at $39,000 after buying an additional 44 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in Autodesk in the second quarter valued at about $35,000. Schnieders Capital Management LLC bought a new stake in Autodesk in the second quarter valued at about $466,000. Accretive Wealth Partners LLC increased its holdings in Autodesk by 1.0% in the second quarter. Accretive Wealth Partners LLC now owns 4,450 shares of the software company’s stock valued at $1,378,000 after buying an additional 45 shares during the last quarter. Finally, Crux Wealth Advisors increased its holdings in Autodesk by 31.5% in the second quarter. Crux Wealth Advisors now owns 2,490 shares of the software company’s stock valued at $771,000 after buying an additional 596 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In related news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last three months. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. Robert W. Baird boosted their price objective on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Citigroup lifted their target price on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Mizuho lifted their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $310.57 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a 50 day simple moving average of $309.91 and a 200-day simple moving average of $296.52. The company has a market cap of $66.15 billion, a PE ratio of 64.30, a P/E/G ratio of 2.73 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month 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 (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 analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. 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 research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

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.