Bank of Montreal Can Reduces Stock Position in Autodesk, Inc. $ADSK

Bank of Montreal Can lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 423,533 shares of the software company’s stock after selling 23,997 shares during the period. Bank of Montreal Can owned about 0.20% of Autodesk worth $131,113,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADSK. SouthState Corp lifted its position in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Costello Asset Management INC purchased a new stake in shares of Autodesk in the 1st quarter worth about $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk in the 1st quarter worth about $27,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Autodesk in the 1st quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Piper Sandler raised their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Stifel Nicolaus lifted their price target on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Trading Up 0.8%

Shares of NASDAQ ADSK opened at $303.64 on Tuesday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a market cap of $64.68 billion, a P/E ratio of 62.87, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The firm has a 50-day moving average of $313.34 and a 200 day moving average of $300.34. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

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 analysts’ consensus estimates of $2.45 by ($0.99). The firm had revenue of $1.76 billion for 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 firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Activity

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. 0.15% of the stock is owned by company insiders.

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.