Autodesk, Inc. $ADSK Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,731 shares of the software company’s stock after selling 6,647 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Autodesk were worth $11,680,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in Autodesk during the 1st quarter valued at approximately $27,000. SouthState Corp grew its stake in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 2nd quarter valued at approximately $31,000. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 valued at $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in Autodesk during the 1st quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.8%

Shares of ADSK stock opened at $308.15 on Thursday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a market cap of $65.64 billion, a PE ratio of 63.80, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. The business’s fifty day moving average is $310.33 and its 200-day moving average is $296.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction 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 transaction, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on 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 transaction, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ADSK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Macquarie increased their target price on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Bank of America increased their target price on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Oppenheimer increased their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Loop Capital started coverage on Autodesk in a report on Monday, July 21st. They set a “hold” rating and a $320.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

About Autodesk

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.