Virtus Advisers LLC Purchases New Shares in Autodesk, Inc. $ADSK

Virtus Advisers LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 375 shares of the software company’s stock, valued at approximately $116,000.

Other hedge funds have also modified their holdings of the company. Beacon Financial Group increased its stake in shares of Autodesk by 3.0% in the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in Autodesk by 2.4% in the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares during the period. Bridgewater Advisors Inc. increased its position in shares of Autodesk by 2.2% in the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after buying an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC increased its position in shares of Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after buying an additional 35 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after buying an additional 37 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.6%

Shares of NASDAQ ADSK opened at $303.30 on Monday. The company has a market capitalization of $64.60 billion, a P/E ratio of 62.79, a P/E/G ratio of 2.63 and a beta of 1.51. 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 50 day simple moving average of $306.20 and a 200-day simple moving average of $303.00. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

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

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were 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 $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,098 shares of company stock valued at $8,426,491 over the last 90 days. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research note on Friday. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research report on Monday, September 1st. Bank of America boosted their target price on shares of Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Wolfe Research increased their target price on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.16.

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.