S Bank Fund Management Ltd Takes $1.05 Million Position in Autodesk, Inc. $ADSK

Key Points

• S Bank Fund Management Ltd has acquired a new position in Autodesk, Inc., investing approximately $1.05 million for 3,393 shares during the second quarter.
• A significant percentage of Autodesk's stock, approximately 90.24%, is owned by hedge funds and institutional investors, indicating strong market confidence.
• Recently, several insiders sold shares of Autodesk, including EVP Ruth Ann Keene and EVP Steven M. Blum, reflecting a notable decrease in their holdings.

S Bank Fund Management Ltd acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 3,393 shares of the software company's stock, valued at approximately $1,050,000.

A number of other large investors have also recently made changes to their positions in ADSK. Brighton Jones LLC lifted its position in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Autodesk by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after buying an additional 290 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after buying an additional 9,222 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Autodesk during the 1st quarter valued at about $324,000. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Autodesk by 33.7% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,304 shares of the software company's stock valued at $603,000 after buying an additional 581 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the sale, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $305.08 on Thursday. The company has a market cap of $64.98 billion, a P/E ratio of 63.16, a P/E/G ratio of 2.72 and a beta of 1.49. 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 business's 50 day moving average price is $308.49 and its 200-day moving average price is $295.00. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADSK. Wall Street Zen cut Autodesk from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 28th. KeyCorp boosted their price target on Autodesk from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Mizuho boosted their price target on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. Finally, DA Davidson reissued a "buy" rating and issued a $375.00 price target on shares of Autodesk in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Autodesk presently has a consensus 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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