Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,600 shares of the software company's stock after selling 6,000 shares during the period. Forsta AP Fonden's holdings in Autodesk were worth $13,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Jag Capital Management LLC purchased a new stake in Autodesk in the third quarter valued at $13,861,000. LMR Partners LLP purchased a new position in Autodesk in the 3rd quarter valued at approximately $12,643,000. Starboard Value LP purchased a new position in shares of Autodesk in the 3rd quarter valued at about $510,189,000. Erste Asset Management GmbH purchased a new stake in shares of Autodesk during the third quarter worth approximately $20,087,000. Finally, Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after acquiring an additional 26,768 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of ADSK stock traded up $5.91 during trading hours on Thursday, reaching $310.08. 261,641 shares of the company's stock were exchanged, compared to its average volume of 1,295,899. 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 company's 50 day moving average is $299.38 and its two-hundred day moving average is $278.54. The company has a market cap of $66.67 billion, a P/E ratio of 61.51, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. Barclays boosted their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Morgan Stanley upped their price target on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 price objective on the stock. Citigroup upped their target price on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a report on Friday, November 29th. Finally, BMO Capital Markets lifted their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.50.

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.