AlphaStar Capital Management LLC Takes Position in Autodesk, Inc. $ADSK

AlphaStar Capital Management LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,929 shares of the software company’s stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Nuveen LLC acquired a new stake in shares of Autodesk in the first quarter valued at about $278,383,000. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 valued at $868,736,000 after buying an additional 1,016,187 shares during the period. AQR Capital Management LLC increased its stake in shares of Autodesk by 336.7% in the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after buying an additional 441,571 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $904,326,000 after buying an additional 400,514 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after buying an additional 397,458 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Robert W. Baird boosted their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. UBS Group raised their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Bank of America raised their price target on shares of 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 given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Autodesk Trading Up 0.2%

Shares of Autodesk stock opened at $301.34 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a 50 day moving average price of $312.97 and a two-hundred day moving average price of $299.51. The stock has a market capitalization of $64.19 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

Autodesk (NASDAQ:ADSK) last announced 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). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business posted $2.15 EPS. The company’s revenue was up 17.1% on a year-over-year basis. 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 analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 917 shares of the firm’s 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 of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by insiders.

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.