Wealthspire Advisors LLC Boosts Stock Position in Autodesk, Inc. $ADSK

Wealthspire Advisors LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,719 shares of the software company’s stock after purchasing an additional 348 shares during the quarter. Wealthspire Advisors LLC’s holdings in Autodesk were worth $532,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Oberndorf William E boosted its stake in shares of Autodesk by 34.9% during the second quarter. Oberndorf William E now owns 42,124 shares of the software company’s stock worth $13,040,000 after buying an additional 10,895 shares during the period. Perennial Investment Advisors LLC raised its stake in Autodesk by 4.1% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,361 shares of the software company’s stock valued at $421,000 after acquiring an additional 53 shares during the last quarter. Portside Wealth Group LLC lifted its position in Autodesk by 9.3% during the 2nd quarter. Portside Wealth Group LLC now owns 5,528 shares of the software company’s stock worth $1,711,000 after acquiring an additional 471 shares during the period. Vanguard Group Inc. grew its stake in shares of Autodesk by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after purchasing an additional 180,596 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Autodesk by 277.2% in the second quarter. Empowered Funds LLC now owns 75,332 shares of the software company’s stock valued at $23,321,000 after purchasing an additional 55,363 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.3%

Shares of NASDAQ ADSK opened at $290.80 on Friday. The stock has a market capitalization of $61.94 billion, a PE ratio of 60.21, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $308.49 and a 200-day moving average of $302.51. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADSK shares. Macquarie lifted their price objective on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Berenberg Bank set a $370.00 price target on Autodesk in a research note on Monday, September 1st. KeyCorp upped their price objective on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Mizuho raised their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company boosted their target price on shares of Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.30.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on 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 directly owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was 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 owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 35,386 shares of company stock valued at $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Autodesk Company 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.