Ritholtz Wealth Management Buys Shares of 1,125 Autodesk, Inc. $ADSK

Key Points

• Ritholtz Wealth Management acquired 1,125 shares of Autodesk, Inc., valued at approximately $348,000, in their recent Form 13F filing with the SEC.
• Several significant institutional investors, including Vanguard and UBS, increased their stakes in Autodesk, with institutional investors now owning 90.24% of the company's stock.
• Autodesk reported a net margin of 15.75% for the last quarter, along with a revenue growth of 17.1% year-over-year, although their earnings per share missed analysts' estimates.

Ritholtz Wealth Management bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,125 shares of the software company's stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 397,458 shares during the period. Ninety One UK Ltd lifted its holdings in 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 acquiring an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 acquiring an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in 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 acquiring an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in 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 acquiring an additional 124,948 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the company'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 completion of the transaction, the executive vice president owned 13,099 shares of the company's stock, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction 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. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by insiders.

Autodesk Trading Up 1.4%

Autodesk stock opened at $307.95 on Tuesday. The stock has a market cap of $65.59 billion, a PE ratio of 63.76, a P/E/G ratio of 2.69 and a beta of 1.49. The stock has a 50-day moving average price of $309.36 and a 200 day moving average price of $296.43. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. 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 (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 company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.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 business posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADSK. KeyCorp lifted their price target on Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Barclays lifted their price target on Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Hsbc Global Res raised Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. DA Davidson reaffirmed a "buy" rating and set a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Finally, HSBC set a $343.00 price target on Autodesk and gave the stock a "buy" rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and an average target price 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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