1,125 Shares in Autodesk, Inc. $ADSK Bought by Welch & Forbes LLC

Welch & Forbes LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,125 shares of the software company’s stock, valued at approximately $348,000.

Several other hedge funds also recently bought and sold shares of the company. OMNI 360 Wealth Inc. purchased a new stake in Autodesk in the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB raised its position in Autodesk by 1.8% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the period. Nordea Investment Management AB raised its position in Autodesk by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares during the period. GK Wealth Management LLC purchased a new stake in Autodesk in the 2nd quarter worth about $348,000. Finally, Schnieders Capital Management LLC purchased a new stake in Autodesk in the 2nd quarter worth about $466,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other Autodesk 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 completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $303.64 on Tuesday. The company has a market cap of $64.68 billion, a PE ratio of 62.87, a P/E/G ratio of 2.63 and a beta of 1.49. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50 day moving average price is $313.34 and its 200-day moving average price is $300.34.

Autodesk (NASDAQ:ADSK) last announced its 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). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Bank of America increased their price objective on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Stifel Nicolaus increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Finally, Oppenheimer raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

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.