Autodesk, Inc. $ADSK Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,514 shares of the software company’s stock after selling 187,833 shares during the period. Prudential Financial Inc. owned approximately 0.16% of Autodesk worth $106,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ADSK. SouthState Corp lifted its holdings in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Costello Asset Management INC bought a new stake in shares of Autodesk during the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk in the 1st quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Autodesk in the 1st quarter worth approximately $27,000. Finally, Access Investment Management LLC bought a new position in shares of Autodesk in the second quarter valued at approximately $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.3%

NASDAQ:ADSK opened at $290.80 on Monday. The stock has a fifty day simple moving average of $308.49 and a 200 day simple moving average of $302.81. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 60.21, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last posted 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). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Piper Sandler boosted their price objective on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Bank of America raised their target price on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.30.

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.