Cetera Investment Advisers Grows Stake in Autodesk, Inc. $ADSK

Cetera Investment Advisers grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,049 shares of the software company’s stock after acquiring an additional 1,098 shares during the period. Cetera Investment Advisers’ holdings in Autodesk were worth $21,066,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. OMNI 360 Wealth Inc. purchased a new stake in Autodesk in the 2nd quarter worth about $359,000. E. Ohman J or Asset Management AB boosted its position in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the period. Nordea Investment Management AB boosted its position in Autodesk by 5.6% during the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares during the period. GK Wealth Management LLC purchased a new position in shares of Autodesk in the second quarter worth about $348,000. Finally, Welch & Forbes LLC bought a new stake in shares of Autodesk in the second quarter valued at approximately $348,000. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction 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 directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,386 shares of company stock worth $11,433,201 over the last three months. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ADSK. Rosenblatt Securities lifted their price objective on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. HSBC set a $343.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 1st. Barclays boosted their price objective on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Stifel Nicolaus increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley lifted their target price on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a report on Sunday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $358.30.

Autodesk Stock Up 0.1%

ADSK opened at $292.23 on Wednesday. The company has a fifty day moving average price of $310.45 and a 200-day moving average price of $302.62. The firm has a market capitalization of $62.24 billion, a P/E ratio of 60.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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). 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 last year, the business posted $2.15 EPS. The company’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. Equities research analysts expect 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.