Massachusetts Financial Services Co. MA Lowers Stake in Autodesk, Inc. $ADSK

Massachusetts Financial Services Co. MA trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,980,384 shares of the software company’s stock after selling 19,884 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Autodesk were worth $922,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SouthState Corp increased its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares during the period. Costello Asset Management INC acquired a new position in shares of Autodesk during the 1st quarter worth $26,000. Close Asset Management Ltd purchased a new position in Autodesk in the 1st quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new stake in Autodesk in the 1st quarter valued at about $27,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Autodesk during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. HSBC set a $343.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Barclays increased their price objective on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Rosenblatt Securities lifted their price target on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $358.13.

Insider Buying and Selling at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction 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 directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Autodesk Trading Up 0.7%

NASDAQ ADSK opened at $299.39 on Friday. The firm’s 50 day moving average price is $311.81 and its two-hundred day moving average price is $302.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $63.77 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm posted $2.15 EPS. 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. Equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Company 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.