Swedbank AB Grows Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Swedbank AB raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,729 shares of the software company’s stock after purchasing an additional 6,581 shares during the period. Swedbank AB owned about 0.07% of Autodesk worth $41,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after acquiring an additional 60,963 shares during the period. R Squared Ltd purchased a new position in shares of Autodesk during the 4th quarter worth about $160,000. BSW Wealth Partners lifted its holdings in shares of Autodesk by 9.8% during the 4th quarter. BSW Wealth Partners now owns 1,710 shares of the software company’s stock worth $505,000 after acquiring an additional 153 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Autodesk by 5.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,301 shares of the software company’s stock worth $680,000 after acquiring an additional 129 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Autodesk by 4.6% during the 4th quarter. Perigon Wealth Management LLC now owns 2,921 shares of the software company’s stock worth $847,000 after acquiring an additional 129 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Stifel Nicolaus increased their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Oppenheimer increased their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Macquarie assumed coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Performance

Autodesk stock opened at $304.17 on Thursday. The stock has a market cap of $65.40 billion, a P/E ratio of 60.35, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $299.46 and a 200-day moving average of $278.36. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’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. On average, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company 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.