Autodesk, Inc. $ADSK Shares Sold by Columbia Bank

Columbia Bank decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,896 shares of the software company’s stock after selling 250 shares during the period. Columbia Bank’s holdings in Autodesk were worth $1,542,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Autodesk by 16.0% in the first quarter. AE Wealth Management LLC now owns 2,016 shares of the software company’s stock valued at $528,000 after acquiring an additional 278 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Autodesk by 4.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,258 shares of the software company’s stock valued at $1,377,000 after purchasing an additional 238 shares during the last quarter. Cetera Investment Advisers lifted its position in Autodesk by 4.2% in the first quarter. Cetera Investment Advisers now owns 66,951 shares of the software company’s stock valued at $17,528,000 after buying an additional 2,689 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Autodesk by 5.7% during the 1st quarter. Assetmark Inc. now owns 22,279 shares of the software company’s stock worth $5,833,000 after purchasing an additional 1,200 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Bank of America raised their target price on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Mizuho increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. Finally, KeyCorp boosted their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.30.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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 company insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $289.85 on Tuesday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 60.01, a PEG ratio of 2.63 and a beta of 1.51. The company has a 50-day simple moving average of $307.86 and a 200-day simple moving average of $302.81. 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 (NASDAQ:ADSK) last released 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 company had revenue of $1.76 billion for 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 quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior 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, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current 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.