Cerity Partners LLC Buys 9,694 Shares of Autodesk, Inc. $ADSK

Cerity Partners LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,144 shares of the software company’s stock after buying an additional 9,694 shares during the period. Cerity Partners LLC’s holdings in Autodesk were worth $56,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADSK. Access Investment Management LLC bought a new stake in shares of Autodesk during the 2nd quarter worth $28,000. SouthState Corp raised its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Livelsberger Financial Advisory bought a new stake in Autodesk during the second quarter worth about $31,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in 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 purchasing an additional 40 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Autodesk in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $355.00 price objective on shares of Autodesk in a report on Monday, November 24th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird boosted their price objective on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Wells Fargo & Company upped their price objective on shares of Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Citigroup lifted their target price on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $366.16.

Autodesk Stock Up 0.3%

Shares of Autodesk stock opened at $306.74 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company’s 50 day moving average price is $304.59 and its 200-day moving average price is $303.40. The stock has a market capitalization of $65.03 billion, a price-to-earnings ratio of 59.45, a P/E/G ratio of 2.49 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the 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 sale, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Autodesk 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.