Cullen Frost Bankers Inc. Raises Stake in Autodesk, Inc. $ADSK

Cullen Frost Bankers Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,423 shares of the software company’s stock after acquiring an additional 300 shares during the period. Cullen Frost Bankers Inc.’s holdings in Autodesk were worth $441,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SouthState Corp lifted its position in 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 period. Costello Asset Management INC purchased a new position in Autodesk during the 1st quarter valued at about $26,000. Close Asset Management Ltd purchased a new position in Autodesk during the 1st quarter valued at about $27,000. Cheviot Value Management LLC purchased a new position in Autodesk during the 1st quarter valued at about $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk in the first quarter worth about $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $312.88 on Friday. The company has a 50 day moving average price of $311.38 and a 200-day moving average price of $297.57. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The firm has a market capitalization of $66.64 billion, a PE ratio of 64.78, a P/E/G ratio of 2.75 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The business’s revenue 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. As a group, equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ADSK. Citigroup lifted their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Wells Fargo & Company lifted their target price on shares of Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a report on Friday, August 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a report on Monday, October 6th. Finally, Robert W. Baird lifted their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares in the company, valued at $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’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 owned 80,255 shares of the company’s stock, 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. Over the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company’s stock.

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.