Asahi Life Asset Management CO. LTD. Acquires New Shares in Autodesk, Inc. $ADSK

Asahi Life Asset Management CO. LTD. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,535 shares of the software company’s stock, valued at approximately $475,000.

A number of other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Autodesk by 9.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 909 shares of the software company’s stock valued at $281,000 after buying an additional 75 shares in the last quarter. Simmons Bank increased its position in shares of Autodesk by 1.4% in the 2nd quarter. Simmons Bank now owns 10,765 shares of the software company’s stock valued at $3,332,000 after buying an additional 145 shares in the last quarter. Blue Barn Wealth LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at $212,000. Crestwood Advisors Group LLC increased its position in shares of Autodesk by 43.9% in the 2nd quarter. Crestwood Advisors Group LLC now owns 1,317 shares of the software company’s stock valued at $408,000 after buying an additional 402 shares in the last quarter. Finally, NewSquare Capital LLC increased its position in shares of Autodesk by 238.2% in the 2nd quarter. NewSquare Capital LLC now owns 186 shares of the software company’s stock valued at $58,000 after buying an additional 131 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 3,159 shares of the firm’s 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 transaction, the director owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last 90 days. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird upped their price objective on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Citigroup increased their target price on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays increased their target price on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, HSBC set a $343.00 target price on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 1st. One investment 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.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $300.96 on Thursday. The stock has a market capitalization of $64.10 billion, a price-to-earnings ratio of 62.31, a PEG ratio of 2.63 and a beta of 1.51. The business has a 50-day moving average of $314.01 and a 200-day moving average of $300.63. 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, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced 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 the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.