Prudential PLC Acquires 705 Shares of Autodesk, Inc. $ADSK

Prudential PLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 57,120 shares of the software company’s stock after purchasing an additional 705 shares during the period. Prudential PLC’s holdings in Autodesk were worth $17,683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. SouthState Corp increased its holdings in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares during the period. Costello Asset Management INC bought a new stake in Autodesk during the 1st quarter valued at $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk during the 1st quarter worth $27,000. Cheviot Value Management LLC bought a new stake in Autodesk during the first quarter valued at about $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk in the first quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last quarter. Insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $291.19 on Thursday. The business has a fifty day moving average of $309.80 and a 200 day moving average of $302.54. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $62.02 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.

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 analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $2.15 earnings per share. The firm’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, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several analyst reports. KeyCorp increased their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Stifel Nicolaus increased their target price 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. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Royal Bank Of Canada restated an “outperform” rating and set a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. Finally, Berenberg Bank set a $370.00 price target on Autodesk in a research note on Monday, September 1st. One research 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, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $358.30.

Autodesk Company 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.