Fifth Third Wealth Advisors LLC Trims Stake in Autodesk, Inc. $ADSK

Fifth Third Wealth Advisors LLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,563 shares of the software company’s stock after selling 102 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Autodesk were worth $1,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH purchased a new position in shares of Autodesk during the second quarter valued at about $41,000. Aberdeen Group plc grew its holdings in Autodesk by 12.7% in the second quarter. Aberdeen Group plc now owns 354,334 shares of the software company’s stock worth $108,531,000 after purchasing an additional 40,028 shares during the period. Brucke Financial Inc. grew its holdings in Autodesk by 18.2% in the second quarter. Brucke Financial Inc. now owns 960 shares of the software company’s stock worth $297,000 after purchasing an additional 148 shares during the period. PDS Planning Inc grew its holdings in Autodesk by 6.0% in the second quarter. PDS Planning Inc now owns 1,581 shares of the software company’s stock worth $489,000 after purchasing an additional 90 shares during the period. Finally, Blue Trust Inc. grew its holdings in Autodesk by 22.1% in the second quarter. Blue Trust Inc. now owns 1,148 shares of the software company’s stock worth $355,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADSK. Robert W. Baird upped their price objective on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays upped their price objective on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday. Finally, Macquarie upped their price objective on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $359.13.

Insider Activity at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 in the last three months. 0.15% of the stock is currently owned by company insiders.

Autodesk Trading Down 2.2%

NASDAQ:ADSK opened at $303.50 on Friday. The company’s 50 day moving average price is $308.24 and its 200-day moving average price is $294.35. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week 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. The stock has a market cap of $64.65 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 2.69 and a beta of 1.49.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 EPS. 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 forecast that Autodesk, Inc. will post 5.76 earnings per share 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.