Sumitomo Mitsui Financial Group Inc. Takes Position in Autodesk, Inc. $ADSK

Sumitomo Mitsui Financial Group Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,000 shares of the software company’s stock, valued at approximately $305,000.

Other hedge funds have also recently bought and sold shares of the company. Beacon Financial Group increased its position in shares of Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after acquiring an additional 33 shares in the last quarter. Freedom Investment Management Inc. lifted its position in Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after purchasing an additional 34 shares during the period. Clarity Wealth Advisors LLC increased its holdings in Autodesk by 2.3% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after purchasing an additional 35 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its holdings in Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADSK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $355.00 price target on shares of Autodesk in a research note on Monday. KeyCorp boosted their price objective on shares of Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Morgan Stanley raised their target price 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $364.24.

Autodesk Trading Up 2.4%

Shares of NASDAQ:ADSK opened at $301.38 on Thursday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. 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 company has a market capitalization of $64.19 billion, a P/E ratio of 62.40, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a 50-day simple moving average of $307.02 and a 200 day simple moving average of $302.85.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $2.17 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company’s stock, valued at $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last three months. Company insiders own 0.15% of the company’s stock.

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.