Whalen Wealth Management Inc. Boosts Stock Position in Autodesk, Inc. $ADSK

Whalen Wealth Management Inc. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 337.8% in the third quarter, HoldingsChannel.com reports. The fund owned 4,396 shares of the software company’s stock after purchasing an additional 3,392 shares during the period. Autodesk accounts for 0.8% of Whalen Wealth Management Inc.’s holdings, making the stock its 26th largest position. Whalen Wealth Management Inc.’s holdings in Autodesk were worth $1,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADSK. OMNI 360 Wealth Inc. acquired a new stake in Autodesk in the second quarter valued at $359,000. E. Ohman J or Asset Management AB increased its holdings in shares of Autodesk by 1.8% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after acquiring an additional 2,276 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after acquiring an additional 1,124 shares in the last quarter. GK Wealth Management LLC purchased a new stake in Autodesk during the second quarter worth approximately $348,000. Finally, Welch & Forbes LLC acquired a new position in Autodesk in the second quarter valued at approximately $348,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADSK has been the topic of a number of research analyst reports. HSBC cut their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wells Fargo & Company lifted their price target on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. UBS Group reissued a “buy” rating and issued a $400.00 target price on shares of Autodesk in a report on Wednesday, November 26th. Finally, Stifel Nicolaus upped their target price on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $369.59.

Autodesk Stock Up 2.1%

Shares of Autodesk stock opened at $299.24 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a market cap of $63.44 billion, a P/E ratio of 57.99, a PEG ratio of 2.38 and a beta of 1.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day moving average of $301.12 and a two-hundred day moving average of $303.37.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity

In other news, Director Ayanna Howard sold 917 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.