Cypress Wealth Services LLC Makes New Investment in Autodesk, Inc. $ADSK

Key Points

• Cypress Wealth Services LLC invested approximately $280,000 in Autodesk, Inc. by acquiring 903 shares during the second quarter.
• Institutional investors control 90.24% of Autodesk's stock, with major shareholders including T. Rowe Price and Vanguard Group.
• Autodesk's recent quarterly earnings report showed an EPS of $1.46, which missed estimates, but the company's revenue grew by 17.1% year-over-year.

Cypress Wealth Services LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 903 shares of the software company's stock, valued at approximately $280,000.

A number of other large investors have also recently bought and sold shares of ADSK. Nuveen LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after buying an additional 1,016,187 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Autodesk by 336.7% during the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company's stock valued at $147,339,000 after buying an additional 441,571 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company's stock valued at $904,326,000 after buying an additional 400,514 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock valued at $5,440,968,000 after buying an additional 397,458 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk 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 in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by corporate insiders.

Autodesk Trading Down 0.4%

Autodesk stock opened at $306.59 on Wednesday. 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 firm has a market cap of $65.30 billion, a price-to-earnings ratio of 63.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.49. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The firm's 50 day moving average price is $308.50 and its two-hundred day moving average price is $294.93.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) 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 analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADSK. Stifel Nicolaus lifted their price target on Autodesk from $350.00 to $375.00 and gave the company a "buy" rating in a report on Friday, August 29th. Rosenblatt Securities boosted their target price on Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Mizuho boosted their target price on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. KeyCorp boosted their target price on Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 target price on Autodesk in a report on Monday, September 1st. One equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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