682 Shares in Autodesk, Inc. $ADSK Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 682 shares of the software company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. GAMMA Investing LLC increased its position in shares of Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock worth $1,471,000 after acquiring an additional 290 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Autodesk by 27.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company’s stock worth $11,212,000 after acquiring an additional 9,222 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Autodesk during the first quarter worth approximately $324,000. Finally, Premier Path Wealth Partners LLC increased its position in shares of Autodesk by 5.0% during the first quarter. Premier Path Wealth Partners LLC now owns 1,171 shares of the software company’s stock worth $307,000 after acquiring an additional 56 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated 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 sale, the executive vice president owned 13,311 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. Company insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $303.66 on Friday. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 2.69 and a beta of 1.49. The company’s 50 day moving average is $308.89 and its 200 day moving average is $295.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results 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). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm posted $2.15 earnings per share. Autodesk’s revenue for the quarter 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, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America raised their target price on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Citigroup raised their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Barclays raised their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. UBS Group lifted their price objective on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Loop Capital assumed coverage on shares of Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $359.13.

About Autodesk

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.