MQS Management LLC Boosts Stock Position in Autodesk, Inc. $ADSK

MQS Management LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 45.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,144 shares of the software company’s stock after purchasing an additional 675 shares during the period. MQS Management LLC’s holdings in Autodesk were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. OMNI 360 Wealth Inc. bought a new position in Autodesk in the 2nd quarter valued at $359,000. E. Ohman J or Asset Management AB raised its position in shares of Autodesk by 1.8% in 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 buying an additional 2,276 shares in the last quarter. Spire Wealth Management boosted its stake in Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after buying an additional 50 shares during the period. Nordea Investment Management AB grew 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 buying an additional 1,124 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in Autodesk in the 2nd quarter worth about $348,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Citigroup lifted 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. Barclays increased their price target on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Rosenblatt Securities lifted their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Macquarie upped their target price on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Buying and Selling

In other 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 in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. 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 business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at approximately $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 over the last three months. 0.15% of the stock is owned by corporate insiders.

Autodesk Trading Up 1.0%

Shares of ADSK opened at $312.88 on Friday. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The firm has a market cap of $66.64 billion, a price-to-earnings ratio of 64.78, a PEG ratio of 2.77 and a beta of 1.49. The firm has a 50 day moving average price of $311.38 and a 200-day moving average price of $297.98. 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 earnings results 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 business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue for the quarter was up 17.1% on a year-over-year basis. 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, equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current 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.