Blue Barn Wealth LLC Makes New Investment in Autodesk, Inc. $ADSK

Blue Barn Wealth LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel reports. The firm bought 686 shares of the software company’s stock, valued at approximately $212,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after purchasing an additional 397,458 shares during the period. Ninety One UK Ltd boosted its stake in Autodesk by 3.7% in the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after purchasing an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after purchasing an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock worth $785,470,000 after purchasing an additional 124,948 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADSK. Stifel Nicolaus upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Bank of America raised their target price on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Down 0.9%

Shares of ADSK stock opened at $300.86 on Wednesday. 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’s 50-day moving average is $313.71 and its 200-day moving average is $300.63. The stock has a market cap of $64.08 billion, a price-to-earnings ratio of 62.29, a PEG ratio of 2.63 and a beta of 1.49. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company 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. Sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity

In other news, EVP Steven M. Blum sold 22,420 shares of the company’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 sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. 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 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.