Autodesk, Inc. $ADSK Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 13.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,000 shares of the software company’s stock after purchasing an additional 8,000 shares during the quarter. Autodesk comprises approximately 1.1% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 19th biggest position. Pacific Heights Asset Management LLC’s holdings in Autodesk were worth $20,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Beacon Financial Group boosted its holdings in Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in Autodesk by 2.4% in the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Autodesk by 34.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its holdings in Autodesk by 4.0% in the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock valued at $262,000 after purchasing an additional 38 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADSK shares. KeyCorp boosted their price objective on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Bank of America boosted their price objective on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Mizuho boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company boosted their price objective on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Price Performance

Autodesk stock opened at $310.57 on Wednesday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $309.91 and a 200-day simple moving average of $296.52. The stock has a market capitalization of $66.15 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 2.73 and a beta of 1.49.

Autodesk (NASDAQ:ADSK) last released 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 return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company earned $2.15 EPS. Autodesk’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 predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was 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 in the company, valued at $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $7,258,475.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last three months. 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.