20,469 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Avanza Fonder AB

Avanza Fonder AB acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,469 shares of the software company's stock, valued at approximately $6,050,000.

Several other large investors also recently made changes to their positions in ADSK. State Street Corp grew its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. FMR LLC grew its holdings in Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $1,557,454,000 after purchasing an additional 46,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock valued at $657,292,000 after purchasing an additional 61,785 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Autodesk by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock valued at $523,940,000 after purchasing an additional 81,314 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 0.5 %

Shares of ADSK stock traded up $1.37 during trading on Friday, hitting $291.45. 1,466,123 shares of the company were exchanged, compared to its average volume of 1,115,562. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The business's 50-day simple moving average is $300.44 and its 200 day simple moving average is $275.39. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business'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 sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. HSBC lowered shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. KeyCorp raised their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. BMO Capital Markets raised their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Finally, Barclays raised their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.05.

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.