Paralel Advisors LLC Makes New Investment in Autodesk, Inc. $ADSK

Key Points

• Paralel Advisors LLC purchased 10,204 shares of Autodesk, Inc. for approximately $3.16 million in the second quarter.
• Several institutional investors, including Ethic Inc. and ARK Investment Management LLC, also increased their holdings in Autodesk during the same period.
• Autodesk reported earnings per share (EPS) of $1.46, missing estimates of $2.45, while its stock has set a price target range of $343.00 to $385.00 by various analysts.

Paralel Advisors LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,204 shares of the software company's stock, valued at approximately $3,159,000.

A number of other institutional investors have also recently made changes to their positions in ADSK. Ethic Inc. increased its position in shares of Autodesk by 10.9% during the second quarter. Ethic Inc. now owns 27,780 shares of the software company's stock worth $8,476,000 after purchasing an additional 2,722 shares in the last quarter. ARK Investment Management LLC boosted its stake in Autodesk by 9.7% during the 2nd quarter. ARK Investment Management LLC now owns 13,157 shares of the software company's stock worth $4,073,000 after purchasing an additional 1,162 shares during the last quarter. Parcion Private Wealth LLC grew its holdings in shares of Autodesk by 16.0% during the second quarter. Parcion Private Wealth LLC now owns 1,241 shares of the software company's stock worth $384,000 after buying an additional 171 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of Autodesk by 13.6% during the second quarter. Pacific Heights Asset Management LLC now owns 67,000 shares of the software company's stock worth $20,741,000 after buying an additional 8,000 shares in the last quarter. Finally, Jacobsen Capital Management acquired a new stake in shares of Autodesk in the second quarter valued at about $219,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ayanna Howard sold 917 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company's stock.

Autodesk Stock Down 0.8%

ADSK stock opened at $308.15 on Thursday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The firm has a market cap of $65.64 billion, a PE ratio of 63.80, a PEG ratio of 2.75 and a beta of 1.49. The firm's 50 day moving average price is $310.33 and its 200-day moving average price is $296.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its 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). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business earned $2.15 EPS. Autodesk's 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. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADSK. 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 report on Friday, August 29th. Berenberg Bank set a $370.00 target price on Autodesk in a report on Monday, September 1st. HSBC set a $343.00 price target on Autodesk and gave the company a "buy" rating in a research report on Wednesday, October 1st. Morgan Stanley increased their price target on Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a report on Sunday, August 31st. Finally, Wells Fargo & Company boosted their price objective on Autodesk from $360.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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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