Livforsakringsbolaget Skandia Omsesidigt Acquires 4,400 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 119.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,086 shares of the software company’s stock after acquiring an additional 4,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $2,390,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ADSK. Czech National Bank boosted its position in Autodesk by 7.7% during the 3rd quarter. Czech National Bank now owns 43,888 shares of the software company’s stock valued at $12,090,000 after acquiring an additional 3,125 shares in the last quarter. Atomi Financial Group Inc. boosted its position in Autodesk by 95.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,077 shares of the software company’s stock valued at $572,000 after acquiring an additional 1,015 shares in the last quarter. Marcum Wealth LLC boosted its position in Autodesk by 6.6% during the 3rd quarter. Marcum Wealth LLC now owns 1,247 shares of the software company’s stock valued at $344,000 after acquiring an additional 77 shares in the last quarter. Wedmont Private Capital boosted its position in Autodesk by 3.1% during the 3rd quarter. Wedmont Private Capital now owns 3,446 shares of the software company’s stock valued at $921,000 after acquiring an additional 104 shares in the last quarter. Finally, Patten Group Inc. boosted its position in Autodesk by 4.5% during the 3rd quarter. Patten Group Inc. now owns 6,223 shares of the software company’s stock valued at $1,714,000 after acquiring an additional 270 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Macquarie assumed coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target on the stock. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, UBS Group assumed coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Trading Down 1.2 %

NASDAQ:ADSK opened at $307.70 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $66.16 billion, a price-to-earnings ratio of 61.05, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business has a fifty day moving average price of $299.01 and a 200-day moving average price of $280.66.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Autodesk Company 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.