Phoenix Financial Ltd. Cuts Position in Autodesk, Inc. $ADSK

Phoenix Financial Ltd. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 86.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,557 shares of the software company’s stock after selling 9,693 shares during the quarter. Phoenix Financial Ltd.’s holdings in Autodesk were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bogart Wealth LLC grew its holdings in Autodesk by 53.7% in the second quarter. Bogart Wealth LLC now owns 126 shares of the software company’s stock worth $39,000 after purchasing an additional 44 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Autodesk in the second quarter worth about $35,000. Schnieders Capital Management LLC purchased a new stake in Autodesk in the second quarter worth about $466,000. Accretive Wealth Partners LLC grew its holdings in Autodesk by 1.0% in the second quarter. Accretive Wealth Partners LLC now owns 4,450 shares of the software company’s stock worth $1,378,000 after purchasing an additional 45 shares during the period. Finally, Crux Wealth Advisors grew its holdings in Autodesk by 31.5% in the second quarter. Crux Wealth Advisors now owns 2,490 shares of the software company’s stock worth $771,000 after purchasing an additional 596 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.8%

Shares of ADSK stock opened at $308.15 on Thursday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. 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’s 50 day moving average is $310.33 and its 200 day moving average is $296.60. The stock has a market capitalization of $65.64 billion, a P/E ratio of 63.80, a P/E/G ratio of 2.75 and a beta of 1.49.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business posted $2.15 EPS. The company’s revenue for the quarter 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. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Barclays increased their price target on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Wells Fargo & Company increased their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. KeyCorp increased their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $380.00 price target on shares of Autodesk in a report on Monday, October 6th. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Autodesk 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.