Autodesk, Inc. $ADSK Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 219.4% in the second quarter, Holdings Channel.com reports. The firm owned 297 shares of the software company’s stock after acquiring an additional 204 shares during the quarter. Golden State Wealth Management LLC’s holdings in Autodesk were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after buying an additional 397,458 shares during the period. Ninety One UK Ltd raised its position in Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after acquiring an additional 191,448 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock worth $785,470,000 after purchasing an additional 124,948 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. Wells Fargo & Company upped their target price on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Bank of America lifted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Loop Capital initiated coverage on Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 price objective on the stock. Barclays upped their price target 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. Finally, Mizuho increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Up 0.8%

Shares of ADSK stock opened at $297.18 on Friday. The stock has a fifty day moving average of $313.79 and a two-hundred day moving average of $301.17. The firm has a market capitalization of $63.30 billion, a PE ratio of 61.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. 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, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, 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 is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by corporate insiders.

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.