Ritholtz Wealth Management Invests $348,000 in Autodesk, Inc. $ADSK

Ritholtz Wealth Management bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, Holdings Channel reports. The firm bought 1,125 shares of the software company’s stock, valued at approximately $348,000.

Other institutional investors have also modified their holdings of the company. OMNI 360 Wealth Inc. purchased a new stake in shares of Autodesk during the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB grew its holdings in shares of Autodesk by 1.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the period. Spire Wealth Management grew its holdings in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after purchasing an additional 50 shares during the period. GK Wealth Management LLC purchased a new stake in shares of Autodesk during the 2nd quarter worth about $348,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company’s stock worth $3,565,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s 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 transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,386 shares of company stock valued at $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. Citigroup boosted their target price on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Robert W. Baird upped their price target on Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus upped their price target on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Bank of America upped their price target on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Stock Performance

Autodesk stock opened at $307.95 on Tuesday. The stock has a market cap of $65.59 billion, a P/E ratio of 63.76, a price-to-earnings-growth 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. The stock has a 50 day moving average of $309.36 and a 200-day moving average of $296.43. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.