Anchor Capital Advisors LLC Lowers Stake in Autodesk, Inc. $ADSK

Anchor Capital Advisors LLC reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,333 shares of the software company’s stock after selling 5,387 shares during the period. Autodesk accounts for about 1.4% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Anchor Capital Advisors LLC’s holdings in Autodesk were worth $48,087,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Beacon Financial Group lifted its position in Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. raised its holdings in Autodesk by 2.4% in 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 during the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Autodesk by 2.2% in the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after acquiring an additional 34 shares during the period. Financial Network Wealth Advisors LLC grew its stake in shares of Autodesk by 34.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after acquiring an additional 37 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after acquiring an additional 40 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,386 shares of company stock worth $11,433,201 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $300.96 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a market capitalization of $64.10 billion, a P/E ratio of 62.31, a P/E/G ratio of 2.63 and a beta of 1.51. The firm’s 50 day simple moving average is $314.01 and its two-hundred day simple moving average is $300.63.

Autodesk (NASDAQ:ADSK) last issued 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 net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $2.15 EPS. Autodesk’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. Research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADSK. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. KeyCorp boosted their target price on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price target on shares of Autodesk in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.