Leith Wheeler Investment Counsel Ltd. Boosts Position in Autodesk, Inc. $ADSK

Leith Wheeler Investment Counsel Ltd. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 109,859 shares of the software company’s stock after purchasing an additional 2,550 shares during the quarter. Autodesk accounts for 2.4% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 10th biggest position. Leith Wheeler Investment Counsel Ltd. owned 0.05% of Autodesk worth $34,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Access Investment Management LLC bought a new stake in Autodesk during the 2nd quarter valued at $28,000. SouthState Corp increased its position in shares of Autodesk by 500.0% in the first 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. Cheviot Value Management LLC bought a new position in shares of Autodesk during the first quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Autodesk by 67.8% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after purchasing an additional 40 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the second quarter worth about $31,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The transaction 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 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 completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on ADSK. Oppenheimer upped their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. KeyCorp upped their target price on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, August 29th. HSBC set a $343.00 price target on Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus boosted their price objective 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. Finally, Piper Sandler lifted their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Stock Performance

Shares of ADSK stock opened at $298.72 on Tuesday. The company’s fifty day moving average price is $313.47 and its 200-day moving average price is $301.62. The stock has a market cap of $63.63 billion, a PE ratio of 61.85, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. 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, Inc. has a 12 month low of $232.67 and a 12 month 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 net margin of 15.75% and a return on equity of 51.23%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

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.