Icon Advisers Inc. Co. Cuts Position in Autodesk, Inc. $ADSK

Icon Advisers Inc. Co. reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the software company’s stock after selling 3,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Autodesk were worth $3,096,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ADSK. SouthState Corp lifted its holdings in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk in the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk during the 1st quarter valued at about $27,000. Flaharty Asset Management LLC acquired a new position in Autodesk during the 1st quarter worth approximately $27,000. Finally, Access Investment Management LLC purchased a new stake in shares of Autodesk during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.6%

ADSK stock opened at $303.30 on Friday. The firm has a market cap of $64.60 billion, a price-to-earnings ratio of 62.79, a PEG ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a fifty day moving average price of $306.20 and a two-hundred day moving average price of $302.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $2.17 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADSK. Citigroup upped their target price on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Barclays lifted their target price on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating and issued a $400.00 price target on shares of Autodesk in a research note on Wednesday. Finally, Robert W. Baird increased their price target on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $366.16.

Insider Buying and Selling

In other news, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,098 shares of company stock valued at $8,426,491. Insiders own 0.15% of the company’s stock.

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.