Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 119.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,086 shares of the software company's stock after buying 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 reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Livelsberger Financial Advisory purchased a new stake in Autodesk in the 3rd quarter valued at about $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the third quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk in the fourth quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC grew its stake in Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock worth $41,000 after purchasing an additional 145 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADSK. Hsbc Global Res cut Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. KeyCorp lifted their price objective on Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Robert W. Baird boosted their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, BMO Capital Markets increased their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $333.77.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred 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 transaction, the director now owns 30,249 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

Shares of Autodesk stock traded down $5.27 during midday trading on Tuesday, hitting $299.72. The company had a trading volume of 1,375,445 shares, compared to its average volume of 1,326,274. The company has a fifty day simple moving average of $299.70 and a 200 day simple moving average of $282.22. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 3.17 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk 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.