Autodesk, Inc. $ADSK Shares Sold by Spire Wealth Management

Spire Wealth Management cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 44.0% in the 2nd quarter, Holdings Channel reports. The firm owned 1,162 shares of the software company’s stock after selling 913 shares during the period. Spire Wealth Management’s holdings in Autodesk were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Brighton Jones LLC lifted its stake in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Mutual Advisors LLC lifted its stake in Autodesk by 8.0% during the first quarter. Mutual Advisors LLC now owns 1,262 shares of the software company’s stock valued at $341,000 after purchasing an additional 94 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Autodesk during the first quarter valued at approximately $50,000. World Investment Advisors lifted its stake in Autodesk by 5.8% during the first quarter. World Investment Advisors now owns 16,760 shares of the software company’s stock valued at $4,388,000 after purchasing an additional 925 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Autodesk by 1.0% in the 1st quarter. TD Private Client Wealth LLC now owns 7,851 shares of the software company’s stock valued at $2,055,000 after acquiring an additional 75 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Macquarie upped their price target on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Morgan Stanley upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Berenberg Bank set a $370.00 price target on shares of Autodesk in a research report on Monday, September 1st. Finally, KeyCorp upped their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Stock Up 0.2%

Autodesk stock opened at $301.34 on Monday. The firm has a market cap of $64.19 billion, a PE ratio of 62.39, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50 day moving average price is $312.97 and its two-hundred day moving average price is $300.03. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

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

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.