Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,783 shares of the software company’s stock, valued at approximately $541,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co increased its position in shares of Autodesk by 6.2% during the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after purchasing an additional 44 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after buying an additional 45 shares during the last quarter. Calydon Capital boosted its holdings in shares of Autodesk by 1.7% in the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after buying an additional 45 shares during the last quarter. Archer Investment Corp grew its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Autodesk by 5.3% during the third quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Trading Up 6.2%
Shares of Autodesk stock opened at $270.58 on Friday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The stock’s 50-day simple moving average is $224.60 and its 200 day simple moving average is $232.09. The stock has a market capitalization of $57.09 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.
Insider Buying and Selling
In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.
Analyst Upgrades and Downgrades
ADSK has been the topic of several research reports. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research report on Friday, May 29th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Guggenheim set a $283.00 price objective on Autodesk in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.97.
View Our Latest Research Report on Autodesk
Autodesk News Summary
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Quarterly results exceeded expectations: Autodesk reported adjusted earnings of $3.30 per share versus the $3.12 consensus estimate, while revenue rose 16.1% year over year to $2.05 billion, ahead of the $2.01 billion forecast. Earnings also increased from $2.62 per share in the prior-year quarter. Autodesk Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Full-year outlook was raised: Autodesk now expects fiscal 2027 adjusted EPS of $12.52-$12.60, above the $12.02 analyst consensus, and revenue of $8.6-$8.7 billion versus the $8.2 billion consensus. The outlook suggests continued demand for its design and engineering software. Autodesk Posts Strong Q2 Results, Raises 2027 Outlook
- Positive Sentiment: Growth remained broad and strategically supported: Management highlighted AI-powered project intelligence and connected data as tools that could improve customer productivity and help address labor shortages. Revenue growth was 14% on a constant-currency basis. Autodesk Fiscal 2027 Second Quarter Results
- Neutral Sentiment: Near-term guidance was mixed: Autodesk forecast third-quarter EPS of $3.04-$3.09 and revenue of approximately $2.1 billion. While some published comparisons show the EPS range above consensus, reports noted that the profit outlook fell short of higher investor expectations, pressuring the shares in after-hours trading. Autodesk Forecasts Quarterly Profit Below Wall Street Estimates
- Negative Sentiment: AI disruption remains a risk: Investors are concerned that rapidly improving AI tools could reduce the value of traditional design-software workflows or increase competitive pressure, making future growth and pricing power less certain. Autodesk Shares Slip as Q3 EPS Guidance Comes in Below Estimates
About Autodesk
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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