Autodesk, Inc. $ADSK Position Reduced by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Autodesk, Inc. by 53.9% during the second quarter, now holding 2,217 shares valued at approximately $687,000.
• Autodesk reported $1.46 EPS for the last quarter, missing estimates by $0.99, but its revenue of $1.76 billion surpassed expectations with a 17.1% year-over-year increase.
• Several institutional investors have recently changed their positions in Autodesk, contributing to a total institutional ownership of 90.24% in the company’s stock.

Atria Wealth Solutions Inc. decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 53.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,217 shares of the software company's stock after selling 2,588 shares during the period. Atria Wealth Solutions Inc.'s holdings in Autodesk were worth $687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. SouthState Corp increased its holdings in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Autodesk in the first quarter valued at $26,000. Close Asset Management Ltd bought a new position in shares of Autodesk in the first quarter valued at $27,000. Cheviot Value Management LLC bought a new position in shares of Autodesk in the first quarter valued at $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Autodesk in the first quarter valued at $27,000. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 1.3%

NASDAQ ADSK opened at $303.66 on Friday. 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. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 2.69 and a beta of 1.49. The firm's 50 day moving average price is $308.89 and its two-hundred day moving average price is $295.72.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The company's revenue was up 17.1% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 3,159 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the business's 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. This represents a 3.33% 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. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ADSK. Citigroup upped their price target on Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. Rosenblatt Securities upped their price target on Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a report on Friday, August 29th. Loop Capital started coverage on shares of Autodesk in a research report on Monday, July 21st. They set a "hold" rating and a $320.00 price objective on the stock. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

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.

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