Citizens Financial Group Inc. RI Acquires 523 Shares of Autodesk, Inc. $ADSK

Citizens Financial Group Inc. RI increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 42.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,754 shares of the software company’s stock after purchasing an additional 523 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Autodesk were worth $543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Avantax Advisory Services Inc. boosted its stake in shares of Autodesk by 35.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 7,132 shares of the software company’s stock worth $2,208,000 after buying an additional 1,874 shares during the last quarter. Cetera Investment Advisers raised its holdings in Autodesk by 1.6% during the second quarter. Cetera Investment Advisers now owns 68,049 shares of the software company’s stock worth $21,066,000 after acquiring an additional 1,098 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Autodesk by 6.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,471 shares of the software company’s stock valued at $16,243,000 after purchasing an additional 3,303 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Autodesk by 126.8% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 82,066 shares of the software company’s stock valued at $25,384,000 after purchasing an additional 45,877 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Autodesk by 85.4% in the second quarter. Fiera Capital Corp now owns 22,143 shares of the software company’s stock valued at $6,855,000 after purchasing an additional 10,202 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 0.1%

Shares of NASDAQ:ADSK opened at $292.23 on Wednesday. The stock has a market cap of $62.24 billion, a PE ratio of 60.50, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The business has a 50 day moving average of $310.45 and a 200-day moving average of $302.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results 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). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business posted $2.15 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. 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, equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADSK. KeyCorp increased their price objective on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. UBS Group boosted their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Citigroup cut their target price on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Berenberg Bank set a $370.00 price target on Autodesk in a research report on Monday, September 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $358.30.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by 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.