Autodesk, Inc. $ADSK Stock Holdings Lifted by Primecap Management Co. CA

Primecap Management Co. CA lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 680,960 shares of the software company’s stock after buying an additional 19,000 shares during the quarter. Primecap Management Co. CA owned about 0.32% of Autodesk worth $210,805,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Wealthspire Advisors LLC lifted its stake in shares of Autodesk by 25.4% in the 2nd quarter. Wealthspire Advisors LLC now owns 1,719 shares of the software company’s stock valued at $532,000 after purchasing an additional 348 shares during the last quarter. Oberndorf William E lifted its position in shares of Autodesk by 34.9% in the second quarter. Oberndorf William E now owns 42,124 shares of the software company’s stock worth $13,040,000 after buying an additional 10,895 shares during the last quarter. Perennial Investment Advisors LLC boosted its stake in shares of Autodesk by 4.1% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,361 shares of the software company’s stock worth $421,000 after acquiring an additional 53 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Autodesk by 9.3% during the 2nd quarter. Portside Wealth Group LLC now owns 5,528 shares of the software company’s stock valued at $1,711,000 after acquiring an additional 471 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Autodesk by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after acquiring an additional 180,596 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of Autodesk stock opened at $292.23 on Wednesday. The firm has a market cap of $62.24 billion, a P/E ratio of 60.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The firm’s 50-day simple moving average is $310.45 and its 200-day simple moving average is $302.62. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. 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 (NASDAQ:ADSK) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. 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 company posted $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. As a group, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred on 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 transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. Macquarie increased their price target on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays raised their target price on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Stifel Nicolaus raised their target price on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Piper Sandler increased their price objective on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Robert W. Baird upped their target price on shares of Autodesk from $363.00 to $367.00 and gave the company an “outperform” rating in a research note on Tuesday. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $358.30.

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.