Hutchinson Financial Advisors INC Invests $817,000 in Autodesk, Inc. $ADSK

Hutchinson Financial Advisors INC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,638 shares of the software company’s stock, valued at approximately $817,000.

A number of other large investors also recently modified their holdings of the business. Cheviot Value Management LLC acquired a new stake in Autodesk in the 1st quarter valued at about $27,000. SouthState Corp lifted its stake in Autodesk by 500.0% in 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 during the last quarter. Livelsberger Financial Advisory acquired a new stake in Autodesk in the 2nd quarter valued at about $31,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Autodesk by 67.8% in 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 during the last quarter. Finally, Costello Asset Management INC acquired a new stake in Autodesk in the 1st quarter valued at about $26,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. KeyCorp raised their target price on shares of Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Piper Sandler raised their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, HSBC set a $343.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Stock Up 0.2%

Shares of ADSK opened at $301.34 on Friday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The firm’s 50 day moving average is $312.97 and its 200-day moving average is $299.51. The stock has a market capitalization of $64.19 billion, a PE ratio of 62.39, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91.

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

Insider Buying and Selling at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on 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 directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. This represents a 41.83% 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 over the last ninety days. Company insiders own 0.15% of the company’s stock.

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.