Waterfront Wealth Inc. Trims Stock Position in Autodesk, Inc. $ADSK

Waterfront Wealth Inc. lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,123 shares of the software company’s stock after selling 122 shares during the period. Waterfront Wealth Inc.’s holdings in Autodesk were worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ADSK. Brighton Jones LLC grew its stake in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Autodesk by 6.7% during the first quarter. Sequoia Financial Advisors LLC now owns 4,216 shares of the software company’s stock valued at $1,104,000 after purchasing an additional 264 shares during the last quarter. Sovran Advisors LLC bought a new stake in Autodesk during the first quarter valued at approximately $269,000. Essex Financial Services Inc. lifted its position in Autodesk by 8.3% during the first quarter. Essex Financial Services Inc. now owns 956 shares of the software company’s stock valued at $250,000 after purchasing an additional 73 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Autodesk by 2.0% during the first quarter. Amalgamated Bank now owns 46,071 shares of the software company’s stock valued at $12,061,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. Rosenblatt Securities lifted their target price on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a report on Monday, September 1st. Mizuho boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Finally, Loop Capital assumed coverage on shares of Autodesk in a report on Monday, July 21st. They issued a “hold” rating and a $320.00 price objective for the company. One 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $359.13.

Autodesk Trading Down 0.8%

NASDAQ:ADSK opened at $311.08 on Wednesday. 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 company has a fifty day moving average of $312.29 and a 200 day moving average of $298.95. The firm has a market capitalization of $66.26 billion, a P/E ratio of 64.41, a P/E/G ratio of 2.78 and a beta of 1.49. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The company 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 period in the previous 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, research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last 90 days. 0.15% of the stock is owned by company insiders.

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.