NewEdge Advisors LLC Sells 26,110 Shares of Autodesk, Inc. $ADSK

Key Points

• NewEdge Advisors cut its Autodesk position by 63.6%, selling 26,110 shares and retaining 14,959 shares valued at approximately $2.9 million. Institutional investors still own 90.24% of the company.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $317.88. Recent targets range from $300 to $338, though some analysts remain cautious about the timing of AI-related financial benefits.
• Autodesk exceeded quarterly expectations, reporting $3.30 in adjusted EPS and $2.05 billion in revenue, up 16.1% year over year. The company is expanding its agentic-AI capabilities, but the stock opened at $220.31 and remains below its 50- and 200-day moving averages.

NewEdge Advisors LLC reduced its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 63.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,959 shares of the software company's stock after selling 26,110 shares during the quarter. NewEdge Advisors LLC's holdings in Autodesk were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in shares of Autodesk during the 1st quarter worth $28,000. Johnson Financial Group Inc. purchased a new stake in Autodesk in the 2nd quarter worth about $30,000. Avalon Trust Co bought a new stake in Autodesk in the 2nd quarter valued at about $35,000. Community Financial Services Group LLC bought a new stake in Autodesk in the 2nd quarter valued at about $37,000. Finally, Clearstead Trust LLC purchased a new stake in Autodesk during the second quarter valued at about $39,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $330.00 target price on shares of Autodesk in a research report on Monday, August 31st. UBS Group boosted their price target on shares of Autodesk from $290.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, August 28th. Barclays restated an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. Piper Sandler cut their price objective on shares of Autodesk from $369.00 to $338.00 and set an "overweight" rating for the company in a report on Friday, August 28th. Finally, BNP Paribas Exane lifted their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $317.88.

Insiders Place Their Bets

In other news, Director John Cahill bought 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company's stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk previewed new agentic-AI capabilities across its Forma, Fusion, and Flow industry clouds. The tools are designed to connect project data, workflows, and team context for customers in architecture, engineering, construction, manufacturing, and media, potentially strengthening Autodesk’s competitive position and long-term growth prospects. Autodesk Advances Agentic AI in Its Three Industry Clouds
• Positive Sentiment: The company is expanding Autodesk Assistant as a standalone, cross-workflow product, with applications spanning design, engineering, manufacturing, and media. A broader rollout and regional availability are expected in 2027, supporting the long-term case for higher customer engagement and potential monetization of AI features. Autodesk Extends Reach of AI With Standalone Assistant
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating, later described as a Hold. The rating indicates that Autodesk’s AI initiatives are promising, but the analyst sees insufficient near-term evidence of financial benefits. Autodesk Initiated With Neutral Rating Due to Near-Term AI Concerns
• Negative Sentiment: The primary pressure on Autodesk, Inc. NASDAQ: ADSK is the gap between its ambitious AI announcements and expected near-term results. With key Assistant capabilities and availability extending into 2027, investors may be concerned that AI-driven revenue growth will take time to emerge, prompting caution despite the company’s strong product pipeline. Cantor Fitzgerald Starts Autodesk at Neutral

Autodesk Stock Down 2.7%

ADSK stock opened at $220.31 on Thursday. The stock has a 50-day simple moving average of $233.02 and a two-hundred day simple moving average of $232.00. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.71. The firm has a market capitalization of $46.04 billion, a PE ratio of 28.50, a PEG ratio of 1.48 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. The company's revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities analysts predict that Autodesk, Inc. will post 9.72 EPS for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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