Resona Asset Management Co. Ltd. Acquires 2,334 Shares of Autodesk, Inc. $ADSK

Resona Asset Management Co. Ltd. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,460 shares of the software company’s stock after acquiring an additional 2,334 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Autodesk were worth $22,995,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Access Investment Management LLC bought a new position in Autodesk in the 2nd quarter worth approximately $28,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. SouthState Corp lifted its holdings in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the second quarter worth $31,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Autodesk by 67.8% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 2.0%

ADSK opened at $294.86 on Friday. The stock has a 50-day moving average of $314.14 and a 200 day moving average of $300.59. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The firm has a market cap of $62.81 billion, a P/E ratio of 61.05, a P/E/G ratio of 2.63 and a beta of 1.51.

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 company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ADSK shares. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird lifted their target price on Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Citigroup raised their price target on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Finally, Piper Sandler upped their price objective on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity

In other news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

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.