waypoint wealth counsel Purchases New Shares in Autodesk, Inc. $ADSK

by · The Cerbat Gem

waypoint wealth counsel purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 685 shares of the software company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC purchased a new position in Autodesk during the 1st quarter valued at about $27,000. SouthState Corp grew its stake in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in Autodesk during the 2nd quarter valued at about $31,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Costello Asset Management INC purchased a new position in Autodesk during the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. 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 three months. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Piper Sandler lifted their price target on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Macquarie lifted their price target on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Stifel Nicolaus lifted their price target on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $359.13.

View Our Latest Report on Autodesk

Autodesk Stock Down 2.2%

ADSK opened at $303.50 on Monday. The business has a 50 day moving average price of $308.24 and a 200 day moving average price of $294.52. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $64.65 billion, a P/E ratio of 62.84, a price-to-earnings-growth ratio of 2.69 and a beta of 1.49.

Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $2.15 earnings per share. The firm’s revenue for the quarter 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 forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

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.

Recommended Stories

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).