Harbour Investments Inc. Boosts Stock Position in Autodesk, Inc. $ADSK

Harbour Investments Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 76.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212 shares of the software company’s stock after purchasing an additional 92 shares during the quarter. Harbour Investments Inc.’s holdings in Autodesk were worth $66,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cypress Wealth Services LLC purchased a new stake in Autodesk during the 2nd quarter worth approximately $280,000. Sagespring Wealth Partners LLC increased its holdings in Autodesk by 60.6% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,700 shares of the software company’s stock worth $1,145,000 after purchasing an additional 1,396 shares during the last quarter. TD Asset Management Inc increased its holdings in Autodesk by 26.1% during the 2nd quarter. TD Asset Management Inc now owns 140,939 shares of the software company’s stock worth $43,630,000 after purchasing an additional 29,181 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Autodesk by 0.7% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 17,487 shares of the software company’s stock worth $5,413,000 after purchasing an additional 120 shares during the last quarter. Finally, Morningstar Investment Management LLC purchased a new stake in Autodesk during the 2nd quarter worth approximately $732,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.5%

NASDAQ:ADSK opened at $309.84 on Friday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The firm has a market capitalization of $66.00 billion, a P/E ratio of 64.15, a P/E/G ratio of 2.73 and a beta of 1.49. 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 business has a 50 day simple moving average of $310.85 and a 200 day simple moving average of $297.06.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $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. Equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Robert W. Baird lifted their target price on Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Bank of America lifted their target price on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Piper Sandler lifted their target price on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research 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 stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target 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.