Applied Finance Capital Management LLC Purchases New Position in Autodesk, Inc. $ADSK

Applied Finance Capital Management LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, HoldingsChannel.com reports. The firm purchased 2,826 shares of the software company’s stock, valued at approximately $875,000.

A number of other hedge funds also recently bought and sold shares of ADSK. Sage Private Wealth Group LLC boosted its position in Autodesk by 5.4% during the 2nd quarter. Sage Private Wealth Group LLC now owns 822 shares of the software company’s stock valued at $254,000 after acquiring an additional 42 shares in the last quarter. Nordea Investment Management AB boosted its position in Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after acquiring an additional 1,124 shares in the last quarter. S Bank Fund Management Ltd bought a new stake in Autodesk during the 2nd quarter valued at approximately $1,050,000. Harbor Asset Planning Inc. bought a new stake in Autodesk during the 2nd quarter valued at approximately $552,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Autodesk during the 2nd quarter valued at approximately $243,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ADSK shares. Morgan Stanley lifted their price objective on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Macquarie lifted their price objective on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Finally, Berenberg Bank set a $370.00 price target on Autodesk in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Performance

ADSK stock opened at $303.66 on Friday. The stock has a market capitalization of $64.68 billion, a PE ratio of 62.87, a price-to-earnings-growth ratio of 2.66 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $308.89 and its 200 day simple moving average is $295.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were 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 directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. 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.