Prudential PLC Grows Holdings in Autodesk, Inc. $ADSK

Prudential PLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,120 shares of the software company’s stock after acquiring an additional 705 shares during the period. Prudential PLC’s holdings in Autodesk were worth $17,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. SouthState Corp boosted its position 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 in the last quarter. Costello Asset Management INC purchased a new stake in shares of Autodesk in the first quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new position in shares of Autodesk during the 1st quarter worth approximately $27,000. Cheviot Value Management LLC purchased a new position in shares of Autodesk during the 1st quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Autodesk in the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction 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 trade represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Macquarie raised their price target on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. UBS Group boosted their price objective on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Oppenheimer increased their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One 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 data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $358.30.

Autodesk Stock Down 0.4%

ADSK stock opened at $291.19 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average of $309.80 and a two-hundred day moving average of $302.54. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a market cap of $62.02 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal 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.