Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Autodesk, Inc. $ADSK

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,486 shares of the software company’s stock after purchasing an additional 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $7,248,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management grew its position in Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after acquiring an additional 37,449 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after acquiring an additional 20,543 shares during the period. Freemont Management S.A. purchased a new position in Autodesk in the third quarter worth approximately $4,765,000. Renaissance Group LLC purchased a new position in Autodesk in the third quarter worth approximately $33,789,000. Finally, Caprock Group LLC purchased a new position in Autodesk in the third quarter worth approximately $2,288,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Autodesk Stock Up 1.8%

ADSK opened at $233.64 on Friday. The business’s 50-day simple moving average is $237.83 and its 200-day simple moving average is $258.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.83. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The stock has a market capitalization of $49.30 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) 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 analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current year.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

Analyst Ratings Changes

ADSK has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research report on Monday. Bank of America restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Loop Capital lowered their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Finally, Wolfe Research raised their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Read Our Latest Research Report on ADSK

About Autodesk

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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