Virtue Capital Management LLC Sells 429 Shares of Autodesk, Inc. $ADSK

Virtue Capital Management LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 22.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,444 shares of the software company’s stock after selling 429 shares during the period. Virtue Capital Management LLC’s holdings in Autodesk were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. SouthState Corp lifted its holdings in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Costello Asset Management INC bought a new position in Autodesk in the first quarter valued at $26,000. Cheviot Value Management LLC purchased a new stake in Autodesk during the first quarter valued at about $27,000. Flaharty Asset Management LLC bought a new stake in Autodesk during the first quarter worth about $27,000. Finally, Access Investment Management LLC purchased a new position in shares of Autodesk in the 2nd quarter worth about $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.6%

NASDAQ:ADSK opened at $303.30 on Friday. The firm has a market capitalization of $64.60 billion, a P/E ratio of 62.79, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $306.20 and a 200 day moving average of $302.91. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. KeyCorp lifted their price target on shares of Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Mizuho upped their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Finally, DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $366.16.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director owned 3,476 shares in the company, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,098 shares of company stock valued at $8,426,491 in the last 90 days. 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.