DSM Capital Partners LLC Lowers Stock Holdings in Autodesk, Inc. $ADSK

DSM Capital Partners LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 410,095 shares of the software company’s stock after selling 50,729 shares during the quarter. Autodesk makes up 1.9% of DSM Capital Partners LLC’s portfolio, making the stock its 16th biggest position. DSM Capital Partners LLC’s holdings in Autodesk were worth $126,953,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADSK. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Autodesk by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 4,191 shares of the software company’s stock valued at $1,097,000 after purchasing an additional 71 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Autodesk by 58.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,837 shares of the software company’s stock valued at $1,266,000 after purchasing an additional 1,785 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Autodesk by 132.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,803 shares of the software company’s stock valued at $472,000 after purchasing an additional 1,026 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock valued at $1,471,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ADSK. Loop Capital began coverage on shares of Autodesk in a report on Monday, July 21st. They issued a “hold” rating and a $320.00 price target for the company. Citigroup boosted their price objective on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Oppenheimer boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Mizuho boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Down 2.2%

NASDAQ:ADSK opened at $303.50 on Friday. The company has a market cap of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.75 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve 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 company’s 50 day moving average is $308.24 and its two-hundred day moving average is $294.19.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion for 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 firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock worth $11,433,201 in the last quarter. 0.15% of the stock is currently owned by company insiders.

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.