Premier Path Wealth Partners LLC Increases Stock Holdings in Autodesk, Inc. $ADSK

Premier Path Wealth Partners LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 49.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,749 shares of the software company’s stock after purchasing an additional 578 shares during the period. Premier Path Wealth Partners LLC’s holdings in Autodesk were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. OMNI 360 Wealth Inc. purchased a new position in shares of Autodesk during the 2nd quarter valued at $359,000. E. Ohman J or Asset Management AB raised its stake in Autodesk by 1.8% in the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after purchasing an additional 2,276 shares in the last quarter. Nordea Investment Management AB raised its stake in Autodesk by 5.6% in the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after purchasing an additional 1,124 shares in the last quarter. GK Wealth Management LLC purchased a new stake in Autodesk in the second quarter valued at approximately $348,000. Finally, Schnieders Capital Management LLC purchased a new stake in Autodesk in the second quarter valued at approximately $466,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADSK. Stifel Nicolaus raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Rosenblatt Securities raised their target price on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Loop Capital began coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Finally, Piper Sandler raised their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Activity

In other news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on 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 owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $300.77 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a market capitalization of $64.06 billion, a PE ratio of 62.27, a P/E/G ratio of 2.63 and a beta of 1.49. The firm has a fifty day simple moving average of $312.75 and a two-hundred day simple moving average of $299.23.

Autodesk (NASDAQ:ADSK) last issued its earnings results 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 firm 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 EPS. The firm’s revenue for the quarter 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. Research analysts expect 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.