Amalgamated Bank Boosts Stake in Autodesk, Inc. $ADSK

Amalgamated Bank raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,543 shares of the software company’s stock after buying an additional 1,472 shares during the period. Amalgamated Bank’s holdings in Autodesk were worth $14,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. SouthState Corp increased its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Costello Asset Management INC bought a new stake in Autodesk in the first quarter worth about $26,000. Close Asset Management Ltd bought a new stake in Autodesk in the first quarter worth about $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the first quarter worth about $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Autodesk in the first quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.2%

Autodesk stock opened at $300.77 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of 62.27, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $312.75 and a 200 day simple moving average of $299.23.

Autodesk (NASDAQ:ADSK) last posted its 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 for 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 last year, the company 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. On average, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Bank of America lifted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Piper Sandler lifted 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. Wells Fargo & Company lifted their price objective on shares of Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Barclays boosted their price target on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $359.13.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the company’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 transaction of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. This trade represents a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company’s stock.

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.