Drucker Wealth 3.0 LLC Cuts Stock Holdings in Autodesk, Inc. $ADSK

Drucker Wealth 3.0 LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,915 shares of the software company’s stock after selling 682 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Autodesk were worth $588,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ADSK. SouthState Corp increased its stake in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in Autodesk during the 1st quarter worth approximately $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of a number of analyst reports. Citigroup upped their price target on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Rosenblatt Securities upped their price target on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Oppenheimer upped their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday. Finally, HSBC set a $343.00 price target on 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 issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Down 2.2%

ADSK opened at $303.50 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The stock has a market capitalization of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.69 and a beta of 1.49. The business’s 50 day moving average price is $308.24 and its 200 day moving average price is $294.35. 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 (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned $2.15 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction 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 transaction, the director owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock valued at $11,433,201 over the last three months. 0.15% of the stock is currently owned by company insiders.

About Autodesk

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.