Cwm LLC Sells 6,079 Shares of Autodesk, Inc. $ADSK

Cwm LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 63,132 shares of the software company’s stock after selling 6,079 shares during the quarter. Cwm LLC’s holdings in Autodesk were worth $19,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADSK. SouthState Corp grew its position in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Costello Asset Management INC bought a new stake in Autodesk in the first quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the first quarter worth $27,000. Cheviot Value Management LLC bought a new position in shares of Autodesk in the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Autodesk in the first quarter valued at approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the sale, the director owned 3,476 shares in the company, valued at $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were 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 $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,386 shares of company stock worth $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ADSK shares. Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. Barclays lifted their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. KeyCorp boosted their price target on shares of Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Piper Sandler boosted their price target on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $359.13.

Autodesk Trading Down 2.2%

Shares of ADSK stock opened at $303.50 on Monday. The company has a market capitalization of $64.65 billion, a PE ratio of 62.84, a price-to-earnings-growth ratio of 2.69 and a beta of 1.49. 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 business’s fifty day moving average is $308.24 and its 200 day moving average is $294.52. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company earned $2.15 EPS. The firm’s revenue 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. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.