Schnieders Capital Management LLC Invests $466,000 in Autodesk, Inc. $ADSK

Key Points

• Schnieders Capital Management LLC has invested approximately $466,000 in Autodesk, purchasing 1,504 shares of the software company during the second quarter.
• Various hedge funds have also modified their holdings, with institutions collectively owning 90.24% of Autodesk's stock.
• Analysts have a consensus rating of Moderate Buy on Autodesk, with price targets ranging from $320.00 to $385.00 following recent upgrades.

Schnieders Capital Management LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,504 shares of the software company's stock, valued at approximately $466,000.

Several other hedge funds have also modified their holdings of the company. Beacon Financial Group boosted its stake in shares of Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock worth $350,000 after acquiring an additional 33 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock worth $386,000 after acquiring an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock worth $37,000 after acquiring an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its stake in shares of Autodesk by 4.0% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after acquiring an additional 38 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company's stock worth $31,000 after acquiring an additional 40 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research reports. Bank of America raised their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. DA Davidson reaffirmed a "buy" rating and issued a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a "hold" rating and a $320.00 price target on the stock. UBS Group raised their price target on shares of Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, HSBC set a $343.00 price target on shares of Autodesk and gave the company a "buy" rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $359.13.

Autodesk Stock Up 1.3%

ADSK stock opened at $303.66 on Monday. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 2.69 and a beta of 1.49. 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, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The firm has a 50-day moving average of $308.89 and a two-hundred day moving average of $295.99.

Autodesk (NASDAQ:ADSK - Get Free Report) last released 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm's revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last quarter. Insiders own 0.15% of the company's stock.

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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