Florida Trust Wealth Management Co Has $2.02 Million Stock Holdings in Autodesk, Inc. $ADSK

Florida Trust Wealth Management Co reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 33.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,397 shares of the software company’s stock after selling 5,318 shares during the period. Florida Trust Wealth Management Co’s holdings in Autodesk were worth $2,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after acquiring an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Autodesk during the second quarter worth about $466,000. Baird Financial Group Inc. raised its stake in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after acquiring an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 7,935 shares of company stock worth $1,666,644 in the last quarter. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 3.4%

NASDAQ ADSK opened at $257.96 on Friday. The stock has a market capitalization of $54.43 billion, a P/E ratio of 37.60, a P/E/G ratio of 1.53 and a beta of 1.29. The business has a 50 day simple moving average of $215.88 and a 200 day simple moving average of $232.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADSK shares. BNP Paribas Exane started coverage on shares of Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Rothschild & Co Redburn lowered their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.07.

Autodesk 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.