Thrivent Financial for Lutherans Trims Stock Position in Autodesk, Inc. $ADSK

Thrivent Financial for Lutherans decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 25.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 131,197 shares of the software company’s stock after selling 44,956 shares during the period. Thrivent Financial for Lutherans’ holdings in Autodesk were worth $40,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Autodesk in the second quarter valued at $2,081,000. Neuberger Berman Group LLC grew its holdings in shares of Autodesk by 7.2% during the second quarter. Neuberger Berman Group LLC now owns 117,974 shares of the software company’s stock worth $36,521,000 after purchasing an additional 7,969 shares during the last quarter. Stance Capital LLC acquired a new stake in shares of Autodesk during the second quarter worth about $2,154,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Autodesk by 180.1% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 9,790 shares of the software company’s stock valued at $2,987,000 after purchasing an additional 6,295 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Autodesk in the 2nd quarter valued at about $1,376,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The shares were 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 document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADSK shares. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Barclays increased their price objective on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. BMO Capital Markets lifted their target price on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research report on Monday, November 24th. Finally, Robert W. Baird increased their price target on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.77.

Autodesk Price Performance

Autodesk stock opened at $294.31 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day simple moving average of $302.12 and a 200-day simple moving average of $303.49. 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 $62.39 billion, a PE ratio of 57.04, a price-to-earnings-growth ratio of 2.42 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The firm 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%. Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current 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.