Prime Capital Investment Advisors LLC Cuts Stock Position in Autodesk, Inc. $ADSK

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in Autodesk, Inc. by 41.1%, owning 2,157 shares worth $668,000 after selling 1,507 shares in the second quarter.
• Autodesk reported earnings of $1.46 per share, missing estimates, though revenue increased by 17.1% year-over-year, totaling $1.76 billion for the quarter.
• Several analysts upgraded Autodesk's stock rating, with price targets ranging from $350 to $385, highlighting strong institutional interest as 90.24% of the company's stock is owned by institutional investors.

Prime Capital Investment Advisors LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 41.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,157 shares of the software company's stock after selling 1,507 shares during the period. Prime Capital Investment Advisors LLC's holdings in Autodesk were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ADSK. Vanguard Group Inc. raised its stake in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock valued at $5,440,968,000 after buying an additional 397,458 shares during the period. Ninety One UK Ltd raised its stake in shares of Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company's stock valued at $1,652,523,000 after buying an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Autodesk by 13.1% in the first 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 valued at $904,326,000 after buying an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after buying an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock valued at $785,470,000 after buying an additional 124,948 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $310.32 on Friday. The firm has a market capitalization of $66.10 billion, a P/E ratio of 64.25, a P/E/G ratio of 2.76 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock's 50-day simple moving average is $308.11 and its two-hundred day simple moving average is $293.98. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share 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 the consensus estimate of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Hsbc Global Res upgraded Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Mizuho boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Barclays boosted their price objective on Autodesk from $355.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Morgan Stanley boosted their price objective on Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a research note on Sunday, August 31st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $380.00 price objective on shares of Autodesk in a research note on Monday. 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's stock. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $359.13.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of the 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 directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the 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 owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% 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 over the last 90 days. Company insiders own 0.15% of the company's stock.

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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