Stonehage Fleming Financial Services Holdings Ltd Acquires New Stake in Autodesk, Inc. $ADSK

Key Points

• Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Autodesk, Inc., purchasing 3,266 shares valued at approximately $1,011,000 in the second quarter.
• Insider trading activity includes significant sales, with EVP Steven M. Blum selling 22,420 shares and Director Ayanna Howard selling 3,159 shares, indicating a notable decrease in their positions.
• Autodesk's stock has seen price target increases from various analysts, with UBS Group raising its target to $385.00 and overall market sentiment being rated as "Moderate Buy" with an average price target of $359.13.

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,266 shares of the software company's stock, valued at approximately $1,011,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Financial Group grew its position in Autodesk by 3.0% in the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock valued at $350,000 after buying an additional 33 shares during the last quarter. Freedom Investment Management Inc. boosted its position 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 purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its position 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 purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its position 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 purchasing an additional 38 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position 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 purchasing an additional 40 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Steven M. Blum sold 22,420 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the transaction, the director directly owned 4,393 shares of the company's stock, valued at $1,427,725. The trade was a 41.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group boosted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. Morgan Stanley boosted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research report on Sunday, August 31st. Piper Sandler boosted their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Bank of America boosted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $359.13.

Autodesk Price Performance

Autodesk stock opened at $303.50 on Friday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. 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 firm's 50-day simple moving average is $308.24 and its 200 day simple moving average is $294.35. The firm has a market capitalization of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.69 and a beta of 1.49.

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 the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm posted $2.15 EPS. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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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