Texas Yale Capital Corp. Buys Shares of 750 Autodesk, Inc. $ADSK

Texas Yale Capital Corp. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, HoldingsChannel reports. The fund bought 750 shares of the software company’s stock, valued at approximately $232,000.

Other hedge funds also recently made changes to their positions in the company. Twin Capital Management Inc. boosted its position in shares of Autodesk by 6.4% during the second quarter. Twin Capital Management Inc. now owns 9,307 shares of the software company’s stock worth $2,881,000 after buying an additional 563 shares during the period. Soltis Investment Advisors LLC increased its position in Autodesk by 67.2% in the 2nd quarter. Soltis Investment Advisors LLC now owns 10,301 shares of the software company’s stock valued at $3,189,000 after acquiring an additional 4,141 shares during the period. Flagship Private Wealth LLC bought a new stake in Autodesk during the 2nd quarter valued at $205,000. Achmea Investment Management B.V. boosted its position in Autodesk by 2.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 191,708 shares of the software company’s stock worth $59,348,000 after acquiring an additional 4,606 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Autodesk by 219.4% during the 2nd quarter. Golden State Wealth Management LLC now owns 297 shares of the software company’s stock worth $92,000 after acquiring an additional 204 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other 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 transaction 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 $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Wells Fargo & Company raised their target price on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Performance

Shares of ADSK opened at $297.18 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average is $313.79 and its 200-day moving average is $301.17. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The stock has a market capitalization of $63.30 billion, a P/E ratio of 61.53, a P/E/G ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior 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 research analysts anticipate that Autodesk, Inc. will post 5.76 EPS 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.