Moran Wealth Management LLC Has $11.80 Million Stock Holdings in Autodesk, Inc. $ADSK

Moran Wealth Management LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 38,112 shares of the software company’s stock after selling 354 shares during the period. Moran Wealth Management LLC’s holdings in Autodesk were worth $11,798,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Nadler Financial Group Inc. acquired a new stake in Autodesk in the second quarter worth $236,000. Cornerstone Wealth Group LLC acquired a new stake in Autodesk in the second quarter worth $204,000. NorthRock Partners LLC grew its holdings in Autodesk by 19.9% in the second quarter. NorthRock Partners LLC now owns 3,358 shares of the software company’s stock worth $1,040,000 after purchasing an additional 558 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Autodesk during the second quarter valued at about $238,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Autodesk by 49.2% during the second quarter. Sequoia Financial Advisors LLC now owns 6,292 shares of the software company’s stock valued at $1,948,000 after buying an additional 2,076 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADSK. Barclays lifted their price objective on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Robert W. Baird lifted their price objective on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Mizuho lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley lifted their price objective on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a report on Sunday, August 31st. Finally, 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 report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the company’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 transaction of $1,026,675.00. Following the sale, the director directly owned 4,393 shares in the company, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $307.97 on Tuesday. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 63.76, a P/E/G ratio of 2.69 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 firm’s 50-day simple moving average is $308.35 and its two-hundred day simple moving average is $294.84.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s revenue 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. As a group, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.