Autodesk, Inc. $ADSK Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,720 shares of the software company’s stock after selling 5,713 shares during the period. Cumberland Partners Ltd’s holdings in Autodesk were worth $4,557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Access Investment Management LLC purchased a new stake in shares of Autodesk in the second quarter valued at about $28,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the 1st quarter valued at approximately $27,000. SouthState Corp increased its holdings in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $31,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction 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 owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $291.19 on Thursday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The company has a fifty day simple moving average of $309.80 and a two-hundred day simple moving average of $302.54. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a market cap of $62.02 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate 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 earned $2.15 EPS. The firm’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 analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Bank of America raised their price objective on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. HSBC set a $343.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 1st. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, Citigroup decreased their price objective on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating on the stock in a report on Friday, November 14th. One 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 MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $358.30.

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.