Autodesk, Inc. $ADSK Shares Sold by Maia Wealth LLC

Maia Wealth LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,161 shares of the software company’s stock after selling 687 shares during the quarter. Maia Wealth LLC’s holdings in Autodesk were worth $1,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SouthState Corp raised its stake in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk in the 1st quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in Autodesk during the first quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $27,000. Finally, Access Investment Management LLC acquired a new position in shares of Autodesk during the second quarter valued at about $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In related news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last 90 days. 0.15% of the stock is owned by company insiders.

Autodesk Trading Up 1.6%

Shares of NASDAQ:ADSK opened at $294.43 on Wednesday. The firm has a market cap of $62.71 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 2.63 and a beta of 1.51. The company’s fifty day simple moving average is $307.38 and its 200 day simple moving average is $302.86. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. Oppenheimer increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Autodesk in a report on Wednesday. Mizuho upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Macquarie lifted their price target on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Citigroup decreased their price objective on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $359.21.

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.