Autodesk, Inc. $ADSK Shares Purchased by Private Trust Co. NA

Private Trust Co. NA increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 35.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 586 shares of the software company’s stock after purchasing an additional 153 shares during the quarter. Private Trust Co. NA’s holdings in Autodesk were worth $181,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Nuveen LLC acquired a new stake in shares of Autodesk during the first quarter worth $278,383,000. T. Rowe Price Investment Management Inc. raised its position in Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. AQR Capital Management LLC raised its position in Autodesk by 336.7% in the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock worth $147,339,000 after acquiring an additional 441,571 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 0.9%

Autodesk stock opened at $310.57 on Wednesday. The stock has a market cap of $66.15 billion, a PE ratio of 64.30, a P/E/G ratio of 2.73 and a beta of 1.49. The stock has a 50-day moving average price of $309.91 and a 200 day moving average price of $296.52. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week 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.

Autodesk (NASDAQ:ADSK) last posted 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was 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 directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ADSK shares. Wells Fargo & Company increased their price objective on Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Robert W. Baird raised their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. HSBC set a $343.00 price target on Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 1st. Barclays raised their price target on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $359.13.

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.