Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $423,000 Stock Position in Autodesk, Inc. $ADSK

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,365 shares of the software company’s stock after selling 297 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Autodesk were worth $423,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Beacon Financial Group increased its position in Autodesk by 3.0% in the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. increased 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 buying an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC increased its position in Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after buying an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC increased its position in Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock valued at $262,000 after buying an additional 38 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in Autodesk by 67.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business’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 value of $1,026,675.00. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital assumed coverage on Autodesk in a research report on Monday, July 21st. They issued a “hold” rating and a $320.00 target price for the company. Wells Fargo & Company boosted their target price on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. KeyCorp boosted their target price on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research note on Sunday, August 31st. Finally, Citigroup lifted their price target on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Autodesk Price Performance

ADSK stock opened at $309.84 on Friday. The company has a market capitalization of $66.00 billion, a P/E ratio of 64.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.49. 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, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The business has a 50-day simple moving average of $310.85 and a two-hundred day simple moving average of $297.06.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm earned $2.15 EPS. Autodesk’s quarterly revenue was up 17.1% on a year-over-year basis. 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 EPS 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.