Strengthening Families & Communities LLC Sells 164 Shares of Autodesk, Inc. $ADSK

Strengthening Families & Communities LLC decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 45.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 194 shares of the software company’s stock after selling 164 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Autodesk were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OMNI 360 Wealth Inc. bought a new stake in Autodesk in the second quarter valued at about $359,000. E. Ohman J or Asset Management AB increased its stake in Autodesk by 1.8% in the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after acquiring an additional 2,276 shares during the period. Spire Wealth Management increased its stake in Autodesk by 2.5% in the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after acquiring an additional 50 shares during the period. Sowell Financial Services LLC bought a new stake in Autodesk in the first quarter valued at about $324,000. Finally, GK Wealth Management LLC bought a new stake in Autodesk in the second quarter valued at about $348,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADSK shares. Piper Sandler upped their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. HSBC set a $343.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 1st. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research note on Monday, September 1st. Stifel Nicolaus upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Autodesk Stock Down 2.2%

Shares of NASDAQ ADSK opened at $303.50 on Friday. The firm’s 50-day simple moving average is $308.24 and its 200 day simple moving average is $294.19. The company has a market cap of $64.65 billion, a price-to-earnings ratio of 62.84, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. 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, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results 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). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.