Harbor Asset Planning Inc. Makes New $552,000 Investment in Autodesk, Inc. $ADSK

Key Points

• Harbor Asset Planning Inc. has made a new investment in Autodesk, Inc., purchasing 1,782 shares valued at approximately $552,000.
• The company's latest quarterly earnings report revealed an EPS of $1.46, which missed analysts' expectations of $2.45, although revenue grew by 17.1% year-over-year to $1.76 billion.
• Analyst ratings for Autodesk indicate a "Moderate Buy" consensus, with target prices ranging from $330.00 to $393.00 among various research firms.

Harbor Asset Planning Inc. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,782 shares of the software company's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after acquiring an additional 147 shares during the period. GAMMA Investing LLC increased its position in Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after acquiring an additional 290 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Autodesk by 27.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after acquiring an additional 9,222 shares during the period. Sowell Financial Services LLC bought a new position in Autodesk during the first quarter worth about $324,000. Finally, Sagespring Wealth Partners LLC increased its position in Autodesk by 33.7% during the first quarter. Sagespring Wealth Partners LLC now owns 2,304 shares of the software company's stock worth $603,000 after acquiring an additional 581 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $305.08 on Thursday. The firm has a market capitalization of $64.98 billion, a PE ratio of 63.16, a price-to-earnings-growth ratio of 2.72 and a beta of 1.49. The firm has a fifty day simple moving average of $308.49 and a two-hundred day simple moving average of $295.00. 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 12 month low of $232.67 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced 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). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm posted $2.15 EPS. The business's revenue for the quarter 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 forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ADSK. Berenberg Bank set a $370.00 target price on shares of Autodesk in a report on Monday, September 1st. Bank of America lifted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, August 29th. KeyCorp lifted their target price on shares of Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Citigroup boosted their price target on shares of Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Finally, HSBC set a $343.00 price target on shares of Autodesk and gave the stock a "buy" rating in a research report on Wednesday, October 1st. One investment 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's stock. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $359.13.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company's stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last quarter. Corporate insiders own 0.15% of the company's stock.

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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