US Bancorp DE Increases Position in Autodesk, Inc. $ADSK

Key Points

• US Bancorp DE increased its stake in Autodesk, Inc. by 3.1% during the second quarter, bringing its total holdings to 50,623 shares valued at approximately $15.67 million.
• Insider trades revealed significant selling activity, with EVP Steven M. Blum selling 22,420 shares for about $7.26 million, reducing his holdings by 63.12%.
• Analysts are optimistic about Autodesk, with a majority giving it a Buy rating and setting an average price target of $359.13, following their recent earnings report that showed a 17.1% increase in revenue year-over-year.

US Bancorp DE grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,623 shares of the software company's stock after acquiring an additional 1,526 shares during the quarter. US Bancorp DE's holdings in Autodesk were worth $15,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Autodesk by 132.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,803 shares of the software company's stock worth $472,000 after purchasing an additional 1,026 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after purchasing an additional 290 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Autodesk by 7.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 17,942 shares of the software company's stock worth $4,697,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in shares of Autodesk by 13.1% in the 1st quarter. Simon Quick Advisors LLC now owns 787 shares of the software company's stock worth $206,000 after purchasing an additional 91 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Steven M. Blum sold 22,420 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. The trade was a 3.33% 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. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. HSBC set a $343.00 price objective on Autodesk and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of Autodesk in a research report on Wednesday. Berenberg Bank set a $370.00 price objective on Autodesk in a research report on Monday, September 1st. Oppenheimer raised their price objective on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, UBS Group lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $359.13.

Autodesk Stock Performance

NASDAQ ADSK opened at $303.50 on Friday. The stock has a market capitalization of $64.65 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 2.69 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month 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. The stock has a 50-day moving average of $308.24 and a 200 day moving average of $294.35.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share 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 return on equity of 51.23% and a net margin of 15.75%.The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period 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. Sell-side analysts anticipate 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.

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.