Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,858 shares of the software company's stock after buying an additional 3,008 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Autodesk worth $36,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk in the fourth quarter valued at approximately $25,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk during the 3rd quarter worth $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the 4th quarter worth $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $39,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Stifel Nicolaus upped their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Finally, Macquarie assumed coverage on Autodesk in a research report on Thursday, December 12th. They set an "outperform" rating and a $380.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $334.45.

Autodesk Stock Down 2.1 %

Shares of NASDAQ:ADSK traded down $6.02 during trading hours on Friday, reaching $285.00. The stock had a trading volume of 1,670,110 shares, compared to its average volume of 1,382,891. The stock has a market capitalization of $61.28 billion, a price-to-earnings ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. The firm's 50 day moving average is $298.62 and its 200-day moving average is $284.86. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.