Meritage Portfolio Management Decreases Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Meritage Portfolio Management has decreased its holdings in Autodesk, Inc. by 5.5%, reducing its shares down to 30,742, valued at approximately $9.5 million.
• Institutional investors have shown mixed activity, with Vanguard Group increasing its position by 1.9% alongside other firms like T. Rowe Price boosting their stake by 44.1% in the same time frame.
• Autodesk reported a miss in earnings with $1.46 EPS against analyst estimates of $2.45, while also posting significant revenue growth of 17.1% year-over-year.

Meritage Portfolio Management reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,742 shares of the software company's stock after selling 1,783 shares during the period. Meritage Portfolio Management's holdings in Autodesk were worth $9,517,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after purchasing an additional 397,458 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Autodesk by 3.7% during the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company's stock worth $1,652,523,000 after purchasing an additional 191,448 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Autodesk by 13.1% during the 1st 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 worth $904,326,000 after purchasing an additional 400,514 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after purchasing an additional 124,948 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction 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. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Company insiders own 0.15% of the company's stock.

Autodesk Trading Down 2.2%

NASDAQ ADSK opened at $303.50 on Friday. 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 $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.69 and a beta of 1.49. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The firm's fifty day moving average is $308.24 and its two-hundred day moving average is $294.35.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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). The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research reports. Rosenblatt Securities boosted their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 price target on shares of Autodesk in a research report on Monday, September 1st. Bank of America boosted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. KeyCorp boosted their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, Wall Street Zen cut shares of Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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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