Trust Co. of Toledo NA OH Purchases New Position in Autodesk, Inc. $ADSK

Trust Co. of Toledo NA OH purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 131 shares of the software company’s stock, valued at approximately $41,000.

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

Insider Buying and Selling

In other news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ADSK shares. Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Barclays boosted their price objective on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 price objective on Autodesk in a research note on Monday, September 1st. HSBC set a $343.00 price objective on Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Trading Up 1.5%

Shares of Autodesk stock opened at $307.97 on Tuesday. The stock has a market cap of $65.60 billion, a P/E ratio of 63.76, a P/E/G ratio of 2.69 and a beta of 1.49. The stock’s 50 day simple moving average is $308.35 and its 200-day simple moving average is $294.84. 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.

Autodesk (NASDAQ:ADSK) last issued its 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). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.