Allspring Global Investments Holdings LLC Reduces Holdings in Autodesk, Inc. $ADSK

Key Points

• Allspring Global Investments Holdings LLC reduced its holdings in Autodesk, Inc. by 1.7%, now owning 61,793 shares valued at approximately $19.26 million.
• Autodesk reported $1.46 EPS for the last quarter, missing estimates by $0.99, while its revenue was $1.76 billion, exceeding expectations.
• Recent analyst reports vary with target prices ranging from $343.00 to $385.00, reflecting mixed sentiment with most analysts rating it as a "Moderate Buy."

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,793 shares of the software company's stock after selling 1,049 shares during the period. Allspring Global Investments Holdings LLC's holdings in Autodesk were worth $19,259,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SouthState Corp increased its stake in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Autodesk during the 1st quarter worth approximately $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk during the 1st quarter worth approximately $27,000. Cheviot Value Management LLC purchased a new stake in Autodesk in the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Autodesk in the 1st quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 1.7%

Shares of ADSK opened at $299.82 on Friday. The firm has a market cap of $63.86 billion, a PE ratio of 62.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.49. The company's fifty day moving average is $308.63 and its two-hundred day moving average is $295.26. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last 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. Analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research note on Monday, September 1st. Wall Street Zen cut shares of Autodesk from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Barclays lifted their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Mizuho lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, HSBC set a $343.00 target price on shares of Autodesk and gave the stock a "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, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $359.13.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk 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 in the company, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company's stock.

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.

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