Assetmark Inc. Acquires 16,458 Shares of Autodesk, Inc. $ADSK

Assetmark Inc. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 73.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,737 shares of the software company’s stock after acquiring an additional 16,458 shares during the period. Assetmark Inc.’s holdings in Autodesk were worth $11,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Nuveen LLC bought a new position in Autodesk during the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. grew its position in Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the last quarter. AQR Capital Management LLC grew its position in Autodesk by 336.7% during the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after acquiring an additional 441,571 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after purchasing an additional 400,514 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after purchasing an additional 397,458 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction 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. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were 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 $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 have sold 35,386 shares of company stock valued at $11,433,201 over the last ninety days. Insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $301.34 on Friday. The stock has a fifty day moving average of $312.97 and a 200 day moving average of $299.75. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The firm has a market capitalization of $64.19 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 2.63 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.72 billion. During the same period in the previous year, the business earned $2.15 EPS. The business’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. As a group, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADSK shares. Berenberg Bank set a $370.00 price objective on Autodesk in a research note on Monday, September 1st. DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Rosenblatt Securities increased their price objective on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barclays increased their price objective on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note 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 research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

About Autodesk

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.