Cornerstone Wealth Group LLC Makes New $204,000 Investment in Autodesk, Inc. $ADSK

by · The Cerbat Gem

Cornerstone Wealth Group LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 660 shares of the software company’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. OMNI 360 Wealth Inc. acquired a new stake in Autodesk in the 2nd quarter valued at approximately $359,000. E. Ohman J or Asset Management AB boosted its position in Autodesk by 1.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after acquiring an additional 2,276 shares during the last quarter. Spire Wealth Management grew its stake in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after acquiring an additional 50 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Autodesk in the first quarter valued at approximately $324,000. Finally, GK Wealth Management LLC bought a new stake in shares of Autodesk in the second quarter worth $348,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ADSK shares. Wells Fargo & Company raised their target price on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. Stifel Nicolaus upped their target price on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research note on Friday, August 29th. Finally, Oppenheimer upped their price objective on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $359.13.

Check Out Our Latest Stock Report on Autodesk

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $305.08 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $308.49 and its two-hundred day moving average price is $295.00. The company has a market cap of $64.98 billion, a PE ratio of 63.16, a price-to-earnings-growth ratio of 2.72 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK – Get Free Report) last issued its 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). The business had revenue of $1.76 billion for 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 business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last ninety days. Company insiders own 0.15% of the company’s stock.

About Autodesk

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).