Paradigm Asset Management Co. LLC Sells 300 Shares of Autodesk, Inc. $ADSK

Paradigm Asset Management Co. LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 20.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the software company’s stock after selling 300 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Autodesk were worth $371,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. 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 worth $25,000 after acquiring an additional 80 shares during the period. Costello Asset Management INC bought a new stake in Autodesk during the first quarter worth $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk in the 1st quarter valued at $27,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk in the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Autodesk in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

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, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADSK. Loop Capital started coverage on Autodesk in a research report on Monday, July 21st. They set a “hold” rating and a $320.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Oppenheimer boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, UBS Group raised their target price on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Stock Performance

Shares of Autodesk stock opened at $297.18 on Friday. The business has a 50-day simple moving average of $313.79 and a 200 day simple moving average of $301.17. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $63.30 billion, a price-to-earnings ratio of 61.53, a PEG ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, research analysts anticipate 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.