Probity Advisors Inc. Has $368,000 Stock Holdings in Autodesk, Inc. $ADSK

Probity Advisors Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 19.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,188 shares of the software company’s stock after buying an additional 197 shares during the quarter. Probity Advisors Inc.’s holdings in Autodesk were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC bought a new position in Autodesk in the first quarter valued at approximately $27,000. SouthState Corp grew its stake in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Livelsberger Financial Advisory bought a new position in Autodesk in the second quarter valued at approximately $31,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Autodesk in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $310.57 on Wednesday. The firm has a market capitalization of $66.15 billion, a PE ratio of 64.30, a PEG ratio of 2.73 and a beta of 1.49. The company’s 50-day moving average is $309.91 and its 200-day moving average is $296.52. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. 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 (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the company’s 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 transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADSK shares. Robert W. Baird raised their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Rosenblatt Securities raised their price target on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Piper Sandler raised their price target on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

About Autodesk

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.