Pinnacle Wealth Management Advisory Group LLC Makes New $278,000 Investment in Autodesk, Inc. $ADSK

Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 898 shares of the software company’s stock, valued at approximately $278,000.

A number of other hedge funds have also recently made changes to their positions in ADSK. SouthState Corp increased its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares during the period. Costello Asset Management INC bought a new position in Autodesk in the 1st quarter worth about $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk during the first quarter worth approximately $27,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction 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 of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction 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 transaction, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of ADSK stock opened at $298.72 on Tuesday. The stock’s 50-day moving average is $313.47 and its 200 day moving average is $301.62. Autodesk, Inc. has a 1-year low of $232.67 and a 1-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 company has a market cap of $63.63 billion, a P/E ratio of 61.85, a PEG ratio of 2.63 and a beta of 1.51.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Macquarie increased their price objective on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Stifel Nicolaus lifted their price objective on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Morgan Stanley upped their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Finally, Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

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.