Bridges Investment Management Inc. Has $4.15 Million Position in Autodesk, Inc. $ADSK

Key Points

• Bridges Investment Management Inc. has increased its position in Autodesk by 45.2% in the second quarter, now holding 13,418 shares valued at approximately $4.15 million.
• Autodesk reported a quarterly earnings miss with an EPS of $1.46, falling short of analysts' expectations of $2.45; however, its revenue increased by 17.1% year-over-year.
• Several analysts have raised Autodesk's price targets, with Bank of America increasing its target to $360.00 while maintaining a "neutral" rating on the stock.

Bridges Investment Management Inc. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,418 shares of the software company's stock after buying an additional 4,176 shares during the quarter. Bridges Investment Management Inc.'s holdings in Autodesk were worth $4,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC boosted its stake in Autodesk by 5.4% in the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after acquiring an additional 290 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after acquiring an additional 9,222 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Autodesk in the 1st quarter valued at $324,000. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Autodesk by 33.7% in the 1st quarter. Sagespring Wealth Partners LLC now owns 2,304 shares of the software company's stock worth $603,000 after purchasing an additional 581 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $305.08 on Thursday. The company has a fifty day moving average price of $308.49 and a 200 day moving average price of $295.00. The firm has a market cap of $64.98 billion, a PE ratio of 63.16, a PEG ratio of 2.72 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($0.99). The firm 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 business's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America increased their target price on Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Mizuho lifted their price objective 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. Macquarie upped their target price on shares of Autodesk from $360.00 to $380.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. UBS Group lifted their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, HSBC set a $343.00 price objective on shares of Autodesk and gave the company a "buy" rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $359.13.

Insider Buying and Selling at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last quarter. Insiders own 0.15% of the company's stock.

Autodesk Company 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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