Autodesk, Inc. $ADSK Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 43.9% in the second quarter, Holdings Channel reports. The institutional investor owned 1,317 shares of the software company’s stock after acquiring an additional 402 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Autodesk were worth $408,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk in the 1st quarter valued at about $26,000. Close Asset Management Ltd bought a new position in shares of Autodesk during the first quarter worth about $27,000. Cheviot Value Management LLC acquired a new position in Autodesk in the first quarter worth about $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Autodesk in the first quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 0.8%

Shares of NASDAQ ADSK opened at $297.18 on Friday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a market cap of $63.30 billion, a price-to-earnings ratio of 61.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $313.79 and its 200 day simple moving average is $300.89.

Autodesk (NASDAQ:ADSK) last issued 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). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company earned $2.15 earnings per share. Autodesk’s quarterly revenue was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research reports. Loop Capital initiated coverage on Autodesk in a research note on Monday, July 21st. They set a “hold” rating and a $320.00 price objective on the stock. Robert W. Baird boosted their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley upped their price target on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Citigroup lifted their price objective on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity

In related news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction dated 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 directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was 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 worth $11,433,201 in the last 90 days. 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.