ABN Amro Investment Solutions Takes $10.56 Million Position in Autodesk, Inc. $ADSK

ABN Amro Investment Solutions bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 34,100 shares of the software company’s stock, valued at approximately $10,556,000.

Several other hedge funds have also added to or reduced their stakes in ADSK. SouthState Corp lifted its stake in shares of Autodesk by 500.0% in 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 during the last quarter. Costello Asset Management INC bought a new position in Autodesk during the 1st quarter worth approximately $26,000. Close Asset Management Ltd purchased a new position in Autodesk in the 1st quarter worth approximately $27,000. Cheviot Value Management LLC bought a new stake in Autodesk in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock opened at $301.74 on Thursday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The firm has a market capitalization of $64.27 billion, a P/E ratio of 62.47, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $312.81 and a two-hundred day simple moving average of $301.84.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $2.15 earnings per share. The firm’s 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. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on 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 owned 80,255 shares of the company’s stock, 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 company’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 value of $298,025.00. Following the completion of the transaction, 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. In the last ninety days, insiders have sold 35,386 shares of company stock worth $11,433,201. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ADSK. Oppenheimer lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Macquarie increased their target price on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. KeyCorp raised their target price on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price 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.