Sendero Wealth Management LLC Has $2.70 Million Stake in Autodesk, Inc. $ADSK

Sendero Wealth Management LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,506 shares of the software company’s stock after selling 3,327 shares during the period. Sendero Wealth Management LLC’s holdings in Autodesk were worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Beacon Financial Group grew its holdings in Autodesk by 3.4% during the 3rd quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after acquiring an additional 38 shares during the period. Grant Private Wealth Management Inc acquired a new stake in shares of Autodesk during the third quarter worth $231,000. Assenagon Asset Management S.A. grew its stake in shares of Autodesk by 14.2% during the third quarter. Assenagon Asset Management S.A. now owns 20,439 shares of the software company’s stock worth $6,493,000 after purchasing an additional 2,538 shares during the period. Carolina Wealth Advisors LLC increased its holdings in Autodesk by 19.1% in the third quarter. Carolina Wealth Advisors LLC now owns 5,280 shares of the software company’s stock valued at $1,677,000 after purchasing an additional 847 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its stake in Autodesk by 63.2% in the third quarter. Union Bancaire Privee UBP SA now owns 43,469 shares of the software company’s stock valued at $13,809,000 after buying an additional 16,841 shares during the period. 90.24% of the stock is owned by institutional investors.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ADSK. Wells Fargo & Company boosted their target price on Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Wolfe Research boosted their price objective on shares of Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Macquarie lifted their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.

Autodesk Stock Performance

Shares of ADSK opened at $292.97 on Thursday. The firm has a market cap of $62.11 billion, a P/E ratio of 56.78, a PEG ratio of 2.39 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $301.34 and its two-hundred day moving average price is $303.40.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.