FineMark National Bank & Trust Sells 233 Shares of Autodesk, Inc. $ADSK

FineMark National Bank & Trust lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,135 shares of the software company’s stock after selling 233 shares during the period. FineMark National Bank & Trust’s holdings in Autodesk were worth $971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in Autodesk during the 1st quarter valued at $240,000. Legato Capital Management LLC boosted its holdings in Autodesk by 58.7% during the 1st quarter. Legato Capital Management LLC now owns 13,775 shares of the software company’s stock worth $3,606,000 after acquiring an additional 5,094 shares during the last quarter. Close Asset Management Ltd bought a new position in shares of Autodesk during the first quarter valued at about $27,000. Finally, Burney Co. grew its position in Autodesk by 23.8% in the 1st quarter. Burney Co. now owns 51,874 shares of the software company’s stock worth $13,581,000 after purchasing an additional 9,958 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ADSK. Macquarie increased their price target on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Piper Sandler raised their target price on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.30.

Autodesk Trading Down 0.4%

Shares of Autodesk stock opened at $291.19 on Thursday. The stock has a market capitalization of $62.02 billion, a P/E ratio of 60.29, a P/E/G ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week 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. The stock’s 50-day simple moving average is $309.80 and its 200 day simple moving average is $302.54.

Autodesk (NASDAQ:ADSK) last posted 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 EPS. 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 anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’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 sale, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by insiders.

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.