Sagespring Wealth Partners LLC Grows Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Sagespring Wealth Partners LLC increased its holdings in Autodesk, Inc. by 60.6% during the second quarter, bringing its total shares to 3,700 with a valuation of approximately $1,145,000.
• Multiple analyst firms, including Bank of America and Citigroup, have increased their price targets for Autodesk shares to between $360 and $393, highlighting a mostly positive outlook from analysts with a consensus rating of "Moderate Buy."
• Insider trading activity was noted, with executives selling a total of approximately $11.4 million in shares over the past three months, significantly reducing their ownership percentages.

Sagespring Wealth Partners LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 60.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,700 shares of the software company's stock after acquiring an additional 1,396 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Autodesk were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. TD Asset Management Inc increased its position in shares of Autodesk by 26.1% in the second quarter. TD Asset Management Inc now owns 140,939 shares of the software company's stock valued at $43,630,000 after acquiring an additional 29,181 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Autodesk by 0.7% in the second quarter. Wilmington Savings Fund Society FSB now owns 17,487 shares of the software company's stock valued at $5,413,000 after acquiring an additional 120 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Autodesk in the second quarter valued at about $732,000. Axxcess Wealth Management LLC purchased a new position in shares of Autodesk in the second quarter valued at about $211,000. Finally, Nadler Financial Group Inc. purchased a new position in shares of Autodesk during the second quarter valued at about $236,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADSK shares. Bank of America boosted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Morgan Stanley boosted their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a research report on Sunday, August 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Autodesk in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Autodesk from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Citigroup boosted their price target on shares of Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $359.13.

Insider Buying and Selling at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company's stock.

Autodesk Trading Down 0.5%

NASDAQ:ADSK opened at $305.08 on Thursday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The company's 50-day simple moving average is $308.49 and its 200 day simple moving average is $295.00. The firm has a market capitalization of $64.98 billion, a P/E ratio of 63.16, a PEG ratio of 2.72 and a beta of 1.49.

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 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 the consensus estimate of $1.72 billion. During the same period in the previous year, the firm earned $2.15 EPS. The company's revenue was up 17.1% on a year-over-year basis. 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, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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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