Soltis Investment Advisors LLC Has $3.19 Million Stock Position in Autodesk, Inc. $ADSK

Soltis Investment Advisors LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 67.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,301 shares of the software company’s stock after purchasing an additional 4,141 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Autodesk were worth $3,189,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Costello Asset Management INC acquired a new position in Autodesk in the first quarter valued at $26,000. Close Asset Management Ltd bought a new stake in Autodesk during the first quarter valued at $27,000. Cheviot Value Management LLC acquired a new stake in Autodesk during the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Autodesk in the 1st quarter worth about $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $300.96 on Thursday. 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 business has a 50-day simple moving average of $314.01 and a two-hundred day simple moving average of $300.63. The company has a market capitalization of $64.10 billion, a P/E ratio of 62.31, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company 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 earned $2.15 EPS. The firm’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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADSK. Bank of America raised their target price on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a research note on Monday, September 1st. Macquarie boosted their target price on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Insider Activity

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

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.