Autodesk, Inc. $ADSK Position Increased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 79,159 shares of the software company’s stock after buying an additional 7,475 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Autodesk were worth $24,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Beacon Financial Group raised its stake in Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after acquiring an additional 33 shares during the period. Freedom Investment Management Inc. grew its holdings in shares of Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares during the last quarter. Bridgewater Advisors Inc. raised its position in shares of Autodesk by 2.2% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after purchasing an additional 34 shares during the period. Clarity Wealth Advisors LLC lifted its holdings in shares of Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after purchasing an additional 35 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on ADSK shares. KeyCorp increased their target price on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Stifel Nicolaus upped their price target 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. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a research report on Monday, October 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.21.

Autodesk Stock Up 1.6%

Autodesk stock opened at $294.43 on Wednesday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a market cap of $62.71 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 2.63 and a beta of 1.51. The company’s 50-day moving average price is $307.38 and its two-hundred day moving average price is $302.86. 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 issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $2.17 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 35,386 shares of company stock valued at $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.