Autodesk, Inc. $ADSK Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 12.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,047 shares of the software company’s stock after purchasing an additional 230 shares during the quarter. Western Wealth Management LLC’s holdings in Autodesk were worth $634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OMNI 360 Wealth Inc. acquired a new position in Autodesk in the 2nd quarter valued at $359,000. E. Ohman J or Asset Management AB boosted its holdings in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Autodesk by 5.6% in the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after purchasing an additional 1,124 shares during the period. GK Wealth Management LLC acquired a new position in Autodesk in the second quarter valued at $348,000. Finally, Welch & Forbes LLC acquired a new position in Autodesk in the second quarter valued at $348,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were 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 of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADSK shares. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. Piper Sandler boosted their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a report on Friday, August 29th. HSBC set a $343.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, 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 note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $358.13.

Autodesk Stock Performance

Shares of ADSK stock opened at $291.96 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $62.19 billion, a PE ratio of 60.45, a P/E/G ratio of 2.63 and a beta of 1.51. The company’s fifty day simple moving average is $311.11 and its 200-day simple moving average is $302.53. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.72 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. 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, equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.