Bank Julius Baer & Co. Ltd Zurich Cuts Stock Holdings in Autodesk, Inc. $ADSK

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 5.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 454,342 shares of the software company’s stock after selling 27,205 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.21% of Autodesk worth $141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Brighton Jones LLC lifted its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares during the period. AE Wealth Management LLC raised its position in shares of Autodesk by 16.0% in the 1st quarter. AE Wealth Management LLC now owns 2,016 shares of the software company’s stock worth $528,000 after acquiring an additional 278 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Autodesk by 4.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,258 shares of the software company’s stock worth $1,377,000 after purchasing an additional 238 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Autodesk by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 66,951 shares of the software company’s stock worth $17,528,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Autodesk by 5.7% during the first quarter. Assetmark Inc. now owns 22,279 shares of the software company’s stock valued at $5,833,000 after purchasing an additional 1,200 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ADSK. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group boosted their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Barclays lifted their price target on shares of Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Macquarie increased their price objective on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $358.30.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the 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 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is owned by company insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $289.85 on Tuesday. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 60.01, a PEG 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 stock’s fifty day moving average price is $307.86 and its 200 day moving average price is $302.81. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk Company 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.