Kestra Investment Management LLC Has $1.95 Million Holdings in Autodesk, Inc. $ADSK

Kestra Investment Management LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1,681.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,290 shares of the software company’s stock after purchasing an additional 5,937 shares during the quarter. Kestra Investment Management LLC’s holdings in Autodesk were worth $1,947,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Beacon Financial Group increased its stake in Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Autodesk by 2.4% during the first 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 in the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after acquiring an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC lifted its position in Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after acquiring an additional 35 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Autodesk by 2.6% during the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after purchasing an additional 37 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of several analyst reports. KeyCorp increased their price objective on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a report on Monday, September 1st. Piper Sandler upped their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, HSBC dropped their price target on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $369.77.

Insider Buying and Selling at Autodesk

In related news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction dated 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. This trade represents a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Autodesk Trading Down 1.1%

NASDAQ ADSK opened at $297.64 on Friday. The business’s fifty day moving average is $302.70 and its 200-day moving average is $303.48. 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 stock has a market capitalization of $63.10 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 2.42 and a beta of 1.47. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. The company had revenue of $1.85 billion during 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%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. 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 research analysts predict that Autodesk, Inc. will post 5.76 EPS 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.