FineMark National Bank & Trust Sells 233 Shares of Autodesk, Inc. $ADSK

FineMark National Bank & Trust lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,135 shares of the software company’s stock after selling 233 shares during the quarter. FineMark National Bank & Trust’s holdings in Autodesk were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ADSK. SouthState Corp lifted its stake in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Autodesk during the 1st quarter valued at about $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk during the 1st quarter valued at about $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Autodesk in the first quarter worth approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president 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 position. The SEC filing for this sale provides additional information. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADSK shares. Morgan Stanley increased their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Stifel Nicolaus raised their price objective on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Macquarie raised their price target on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $358.30.

Autodesk Price Performance

ADSK opened at $291.19 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $62.02 billion, a PE ratio of 60.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The stock’s 50 day moving average price is $309.80 and its 200-day moving average price is $302.54. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

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). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. 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 research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

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.