Chicago Partners Investment Group LLC Boosts Stake in Autodesk, Inc. $ADSK

Chicago Partners Investment Group LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 49.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,455 shares of the software company’s stock after purchasing an additional 484 shares during the period. Chicago Partners Investment Group LLC’s holdings in Autodesk were worth $438,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Autodesk in the 2nd quarter valued at about $1,053,000. Quotient Wealth Partners LLC grew its position in Autodesk by 28.2% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,042 shares of the software company’s stock worth $323,000 after purchasing an additional 229 shares during the period. Curbstone Financial Management Corp lifted its holdings in shares of Autodesk by 1.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 7,720 shares of the software company’s stock valued at $2,390,000 after buying an additional 100 shares during the period. Stratos Wealth Partners LTD. bought a new position in Autodesk in the 2nd quarter worth $201,000. Finally, Private Trust Co. NA raised its holdings in Autodesk by 35.3% in the 2nd quarter. Private Trust Co. NA now owns 586 shares of the software company’s stock worth $181,000 after purchasing an additional 153 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.8%

Shares of NASDAQ ADSK opened at $308.15 on Thursday. The company has a 50 day simple moving average of $310.33 and a 200-day simple moving average of $296.60. The company has a market capitalization of $65.64 billion, a P/E ratio of 63.80, a P/E/G ratio of 2.75 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year 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 analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $2.15 EPS. The firm’s quarterly revenue 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. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In related news, Director Ayanna Howard sold 917 shares of Autodesk 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 over the last quarter. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Berenberg Bank set a $370.00 price objective on Autodesk in a research report on Monday, September 1st. Oppenheimer upped their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Bank of America boosted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Finally, UBS Group increased their price target on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $359.13.

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.