Autodesk, Inc. $ADSK Shares Sold by Whittier Trust Co.

Key Points

• Whittier Trust Co. reduced its position in Autodesk, Inc. by 53.4% during the 2nd quarter, now holding 765 shares valued at $237,000.
• Despite missing earnings estimates of $2.45 with a reported $1.46 earnings per share, Autodesk’s revenue increased 17.1% year-over-year to $1.76 billion.
• Analysts have upgraded Autodesk’s stock price targets, with KeyCorp raising its price objective from $350 to $365, reflecting strong growth expectations.

Whittier Trust Co. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 53.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 765 shares of the software company's stock after selling 878 shares during the quarter. Whittier Trust Co.'s holdings in Autodesk were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SouthState Corp boosted its holdings in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Costello Asset Management INC acquired a new position in Autodesk in the 1st quarter valued at about $26,000. Close Asset Management Ltd acquired a new position in Autodesk in the 1st quarter valued at about $27,000. Cheviot Value Management LLC acquired a new position in Autodesk in the 1st quarter valued at about $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Autodesk in the 1st quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK opened at $312.88 on Friday. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The firm's 50 day moving average price is $311.38 and its 200 day moving average price is $297.57. The company has a market cap of $66.64 billion, a P/E ratio of 64.78, a PEG ratio of 2.75 and a beta of 1.49. 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 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 for 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 quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction that occurred 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 completion of 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 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 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 transaction, the executive vice president owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADSK. KeyCorp upped their price objective on shares of Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Rosenblatt Securities increased their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Autodesk in a research report on Friday. DA Davidson reaffirmed a "buy" rating and set a $375.00 price objective on shares of Autodesk in a research report on Friday, August 29th. Finally, Piper Sandler increased their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. One 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

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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