Autodesk, Inc. $ADSK Shares Sold by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 51.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,703 shares of the software company’s stock after selling 5,000 shares during the period. EDENTREE ASSET MANAGEMENT Ltd’s holdings in Autodesk were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Beacon Financial Group increased its holdings in shares of Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after acquiring an additional 34 shares during the last quarter. Bridgewater Advisors Inc. raised its position in shares of Autodesk by 2.2% during the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after purchasing an additional 34 shares during the period. Clarity Wealth Advisors LLC lifted its holdings in shares of Autodesk by 2.3% during the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after purchasing an additional 37 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Down 0.2%

NASDAQ ADSK opened at $300.10 on Thursday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $63.62 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47. The firm’s fifty day simple moving average is $303.53 and its 200-day simple moving average is $303.46.

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

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. Wolfe Research boosted their price objective on Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. DA Davidson reissued a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Oppenheimer upped their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. The Goldman Sachs Group raised their price objective on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Stifel Nicolaus boosted 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. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $366.16.

Insider Activity at Autodesk

In related news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.