FNY Investment Advisers LLC Invests $372,000 in Autodesk, Inc. $ADSK

Key Points

• FNY Investment Advisers LLC has invested $372,000 in Autodesk, acquiring 1,203 shares during the 2nd quarter.
• Several institutional investors have increased their stakes in Autodesk, with hedge funds owning approximately 90.24% of the company's stock.
• Autodesk reported a miss in earnings per share (EPS) for the recent quarter, showing $1.46 against the analysts' consensus of $2.45.

FNY Investment Advisers LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,203 shares of the software company's stock, valued at approximately $372,000.

Several other institutional investors have also modified their holdings of ADSK. Cullen Frost Bankers Inc. raised its holdings in Autodesk by 26.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,423 shares of the software company's stock valued at $441,000 after buying an additional 300 shares during the period. Probity Advisors Inc. raised its holdings in Autodesk by 19.9% in the 2nd quarter. Probity Advisors Inc. now owns 1,188 shares of the software company's stock valued at $368,000 after buying an additional 197 shares during the period. Bogart Wealth LLC raised its holdings in Autodesk by 53.7% in the 2nd quarter. Bogart Wealth LLC now owns 126 shares of the software company's stock valued at $39,000 after buying an additional 44 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Autodesk in the 2nd quarter valued at about $35,000. Finally, Schnieders Capital Management LLC purchased a new stake in Autodesk in the 2nd quarter valued at about $466,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In other news, EVP Steven M. Blum sold 22,420 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company's stock, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,386 shares of company stock valued at $11,433,201. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on ADSK shares. Stifel Nicolaus boosted their price objective on shares of 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 price objective on shares of Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a report on Friday, August 29th. Citigroup boosted their price objective on shares of Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Oppenheimer boosted their price target 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, Bank of America boosted their price target on shares of Autodesk from $330.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $359.13.

Autodesk Stock Down 0.8%

Shares of NASDAQ:ADSK opened at $308.15 on Thursday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The firm has a market capitalization of $65.64 billion, a PE ratio of 63.80, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm's 50-day moving average is $310.33 and its two-hundred day moving average is $296.60.

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

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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