Autodesk, Inc. $ADSK Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,241 shares of the software company’s stock after acquiring an additional 171 shares during the quarter. Parcion Private Wealth LLC’s holdings in Autodesk were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. SouthState Corp boosted its position in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Autodesk during the 1st quarter valued at about $26,000. Close Asset Management Ltd acquired a new position in shares of Autodesk during the 1st quarter valued at about $27,000. Cheviot Value Management LLC acquired a new position in shares of Autodesk during the 1st quarter valued at about $27,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.8%

Shares of NASDAQ:ADSK opened at $308.15 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $65.64 billion, a PE ratio of 63.80, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. The firm’s 50-day moving average is $310.33 and its two-hundred day moving average is $296.60. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 51.23% and a net margin of 15.75%.The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $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. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 13,311 shares in the company, valued at $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 have sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. Stifel Nicolaus upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. KeyCorp upped their target price on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, UBS Group upped their target price on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

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.