Freedom Investment Management Inc. Has $394,000 Position in Autodesk, Inc. $ADSK

Freedom Investment Management Inc. reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,274 shares of the software company’s stock after selling 199 shares during the quarter. Freedom Investment Management Inc.’s holdings in Autodesk were worth $394,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADSK. SouthState Corp grew its holdings 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 acquiring an additional 80 shares during the period. Costello Asset Management INC acquired a new stake in Autodesk during the 1st quarter worth about $26,000. Close Asset Management Ltd bought a new position in shares of Autodesk during the 1st quarter worth about $27,000. Cheviot Value Management LLC bought a new position in shares of Autodesk during the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Autodesk during the 1st quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ayanna Howard sold 3,159 shares of Autodesk 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 transaction, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last quarter. 0.15% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $312.88 on Monday. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock 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 company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50-day simple moving average is $311.38 and its 200 day simple moving average is $298.22.

Autodesk (NASDAQ:ADSK) last posted 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). 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 the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $2.15 EPS. Autodesk’s quarterly revenue was up 17.1% compared to the same quarter last year. 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, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADSK. Piper Sandler increased their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Friday. Citigroup increased their price objective on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Stifel Nicolaus increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Loop Capital began coverage on shares of Autodesk in a research report on Monday, July 21st. They set a “hold” rating and a $320.00 price objective on the stock. One 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $359.13.

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.