Sage Mountain Advisors LLC Raises Stock Position in Autodesk, Inc. $ADSK

Sage Mountain Advisors LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,353 shares of the software company’s stock after buying an additional 213 shares during the period. Sage Mountain Advisors LLC’s holdings in Autodesk were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADSK. Brighton Jones LLC increased its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Autodesk by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock valued at $1,471,000 after purchasing an additional 290 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company’s stock valued at $3,565,000 after purchasing an additional 229 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after purchasing an additional 50 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Autodesk by 623.3% in the first quarter. Golden State Wealth Management LLC now owns 622 shares of the software company’s stock worth $163,000 after buying an additional 536 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $312.88 on Friday. The stock has a 50-day moving average price of $311.38 and a 200 day moving average price of $297.98. The stock has a market capitalization of $66.64 billion, a P/E ratio of 64.78, a P/E/G ratio of 2.77 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. 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 (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share 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 the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company earned $2.15 earnings per share. The company’s revenue for the quarter 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. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS 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 dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Wells Fargo & Company upped their target price on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a report on Friday, August 29th. Loop Capital started coverage on Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 price target for the company. Bank of America raised their price objective on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Citigroup lifted their price objective on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

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.