Autodesk, Inc. $ADSK Position Raised by Aberdeen Group plc

Aberdeen Group plc raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 354,334 shares of the software company’s stock after buying an additional 40,028 shares during the quarter. Aberdeen Group plc’s holdings in Autodesk were worth $108,531,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new stake in Autodesk in the first quarter valued at $27,000. SouthState Corp grew its position in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Livelsberger Financial Advisory bought a new position in Autodesk in the 2nd quarter valued at about $31,000. E Fund Management Hong Kong Co. Ltd. grew 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. Finally, Costello Asset Management INC bought a new position in Autodesk in the 1st quarter valued at about $26,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADSK. DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Citigroup increased their target price on shares of Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, HSBC set a $343.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 1st. One equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Insider Buying and Selling

In related news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated 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 directly owned 4,393 shares in the company, valued at $1,427,725. This represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $303.50 on Friday. The business’s 50-day moving average price is $308.24 and its 200 day moving average price is $294.19. The firm has a market cap of $64.65 billion, a P/E ratio of 62.84, a PEG ratio of 2.75 and a beta of 1.49. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last issued its quarterly 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). The company had revenue of $1.76 billion during 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 company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.