Douglas Lane & Associates LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,055 shares of the software company’s stock after selling 16,756 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Autodesk were worth $27,655,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Beacon Financial Group increased its holdings in shares of Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. increased its stake in Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after purchasing an additional 34 shares in the last quarter. Bridgewater Advisors Inc. lifted its stake in Autodesk by 2.2% during the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after buying an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC increased its position in shares of Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after acquiring an additional 35 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Autodesk by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Autodesk Trading Up 0.3%
Shares of Autodesk stock opened at $300.08 on Friday. The company has a market cap of $63.62 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.44 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company’s fifty day simple moving average is $301.05 and its 200-day simple moving average is $303.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86.
Key Headlines Impacting Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: BTIG initiated coverage with a buy/strong-buy stance—new coverage from a well‑known institutional desk can attract discretionary and quant flows into ADSK. BTIG initiates coverage of Autodesk (ADSK) with buy recommendation
- Positive Sentiment: An analyst upgrade / “strong-buy” mention (reported via Zacks) reinforces the bullish narrative and likely contributed to intraday buying pressure. Zacks report
- Positive Sentiment: KeyCorp repeatedly raised near‑term quarter and FY‑2027 EPS estimates and keeps an Overweight rating—upgrades across Q1–Q4 and FY2027 (FY view raised to $8.72) signal accelerating profitability expectations and give institutional investors a data‑driven reason to buy. MarketBeat: KeyCorp estimate updates
- Neutral Sentiment: Longer-form analysis pieces are circulating: a Seeking Alpha retrospective on the past three years and a Kalkine piece on Autodesk’s role in Nasdaq‑100 ecosystems — useful for framing strategy and index/ETF flows but less directly catalytic than fresh upgrades. Autodesk: Looking Back At The Past 3 Years Autodesk Inc (NASDAQ:ADSK) Role Within Nasdaq 100 Index Ecosystems
- Neutral Sentiment: Technical/valuation context: ADSK is near its 50‑ and 200‑day averages with above‑average intraday volume, and still trades at a premium P/E—positive upgrades may lift the stock, but valuation suggests investors should watch guidance and execution closely.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ADSK. Royal Bank Of Canada reiterated an “outperform” rating and set a $380.00 price target on shares of Autodesk in a report on Monday, October 6th. Morgan Stanley increased their price objective on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a report on Sunday, August 31st. Oppenheimer lifted their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.
View Our Latest Research Report on ADSK
Insider Transactions at Autodesk
In other news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were 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 trade represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.
Autodesk Company Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
Featured Articles
- Five stocks we like better than Autodesk
- The 3 Best Blue-Chip Stocks to Buy Now
- These 3 Banks Are Rallying Into Year-End, But Will It Continue?
- Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio
- 3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 500
- What is Short Interest? How to Use It
- This ETF Caught a Major Tailwind After the Fed’s Rate Cut
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).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
