Autodesk, Inc. $ADSK Stock Holdings Increased by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,719 shares of the software company’s stock after acquiring an additional 348 shares during the quarter. Wealthspire Advisors LLC’s holdings in Autodesk were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ADSK. Nuveen LLC acquired a new stake in shares of Autodesk during the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. grew its position in Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after purchasing an additional 1,016,187 shares in the last quarter. Geode Capital Management LLC grew its position in Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after purchasing an additional 734,449 shares in the last quarter. AQR Capital Management LLC raised its stake in Autodesk by 336.7% during the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after purchasing an additional 400,514 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 1.3%

Shares of Autodesk stock opened at $290.80 on Friday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company’s fifty day simple moving average is $308.49 and its 200-day simple moving average is $302.51. The company has a market cap of $61.94 billion, a price-to-earnings ratio of 60.21, a PEG ratio of 2.63 and a beta of 1.51. 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 announced its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates 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. Autodesk’s revenue 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. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research reports. Barclays lifted their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. KeyCorp raised their price target on shares of Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Stifel Nicolaus boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Bank of America upped their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Robert W. Baird increased their target price on shares of Autodesk from $363.00 to $367.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research 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. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $358.30.

Insider Activity

In related news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

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.