Ethic Inc. Has $8.48 Million Position in Autodesk, Inc. $ADSK

Ethic Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,780 shares of the software company’s stock after buying an additional 2,722 shares during the quarter. Ethic Inc.’s holdings in Autodesk were worth $8,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Nuveen LLC acquired a new position in Autodesk during the 1st quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. lifted its holdings in Autodesk by 44.1% during 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 buying an additional 1,016,187 shares during the period. AQR Capital Management LLC lifted its stake in shares of Autodesk by 336.7% in the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $904,326,000 after purchasing an additional 400,514 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after purchasing an additional 397,458 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. 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. Loop Capital initiated coverage on Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 price objective on the stock. Morgan Stanley boosted their price objective on Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research note on Sunday, August 31st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Down 0.8%

ADSK stock opened at $308.15 on Thursday. The company has a market cap of $65.64 billion, a P/E ratio of 63.80, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock’s 50 day simple moving average is $310.33 and its 200 day simple 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 data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $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. On average, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is owned by company insiders.

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.