Burney Co. Has $27.48 Million Stock Position in Autodesk, Inc. $ADSK

Burney Co. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 71.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,777 shares of the software company’s stock after purchasing an additional 36,903 shares during the quarter. Autodesk makes up about 0.9% of Burney Co.’s holdings, making the stock its 20th biggest position. Burney Co.’s holdings in Autodesk were worth $27,483,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ADSK. OMNI 360 Wealth Inc. purchased a new stake in shares of Autodesk in the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB lifted its position in shares of Autodesk by 1.8% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the period. Nordea Investment Management AB lifted its position in shares of Autodesk by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares during the period. GK Wealth Management LLC purchased a new stake in shares of Autodesk in the 2nd quarter worth about $348,000. Finally, Schnieders Capital Management LLC purchased a new stake in shares of Autodesk in the 2nd quarter worth about $466,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares in the company, valued at $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company’s stock.

Autodesk Stock Up 0.2%

Shares of Autodesk stock opened at $301.34 on Monday. The company has a 50-day simple moving average of $312.97 and a two-hundred day simple moving average of $300.03. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The stock has a market capitalization of $64.19 billion, a PE ratio of 62.39, a price-to-earnings-growth 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.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The business’s revenue 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, analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Macquarie raised their target price on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. DA Davidson reissued a “buy” rating and set a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. 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. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

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.