Envestnet Asset Management Inc. Reduces Stock Position in Autodesk, Inc. $ADSK

Envestnet Asset Management Inc. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 597,751 shares of the software company’s stock after selling 5,148 shares during the period. Envestnet Asset Management Inc.’s holdings in Autodesk were worth $185,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Beacon Financial Group boosted its stake in shares of Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after purchasing an additional 33 shares during the period. Freedom Investment Management Inc. boosted its stake in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after purchasing an additional 34 shares during the period. Financial Network Wealth Advisors LLC boosted its stake in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares during the period. Oregon Pacific Wealth Management LLC boosted its stake in shares of Autodesk by 4.0% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after purchasing an additional 38 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after purchasing an additional 40 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.2%

NASDAQ:ADSK opened at $313.53 on Tuesday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. 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 has a market cap of $66.78 billion, a P/E ratio of 64.91, a P/E/G ratio of 2.77 and a beta of 1.49. The firm has a 50-day simple moving average of $311.85 and a 200-day simple moving average of $298.57.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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 net margin of 15.75% and a return on equity of 51.23%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $2.15 EPS. The company’s revenue for the quarter 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. Equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research note on Monday, October 6th. Rosenblatt Securities boosted their price objective on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by company insiders.

Autodesk Company 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.