First Citizens Bank & Trust Co. Sells 93 Shares of Autodesk, Inc. $ADSK

First Citizens Bank & Trust Co. trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 840 shares of the software company’s stock after selling 93 shares during the period. First Citizens Bank & Trust Co.’s holdings in Autodesk were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. OMNI 360 Wealth Inc. purchased a new position in shares of Autodesk during the second quarter valued at approximately $359,000. E. Ohman J or Asset Management AB raised its holdings in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after purchasing an additional 2,276 shares during the last quarter. Spire Wealth Management raised its holdings in shares of 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 purchasing an additional 50 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Autodesk by 5.6% during the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after purchasing an additional 1,124 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $348,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

ADSK opened at $312.88 on Monday. The firm has a market cap of $66.64 billion, a P/E ratio of 64.78, a PEG ratio of 2.77 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a 50 day simple moving average of $311.38 and a two-hundred day simple moving average of $298.22. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The firm 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 for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owned 13,311 shares of the company’s stock, 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 have sold a total of 35,386 shares of company stock worth $11,433,201 in the last three months. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ADSK shares. DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Bank of America upped their target price on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Friday. Robert W. Baird upped their target price on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” 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 company an “outperform” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.