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

Swedbank AB lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,729 shares of the software company's stock after acquiring an additional 6,581 shares during the quarter. Swedbank AB owned 0.07% of Autodesk worth $41,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ADSK. Algert Global LLC purchased a new position in Autodesk in the second quarter worth approximately $579,000. Creative Planning grew its stake in shares of Autodesk by 5.3% during the second quarter. Creative Planning now owns 37,659 shares of the software company's stock worth $9,319,000 after purchasing an additional 1,900 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Autodesk by 4.4% in the second quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company's stock valued at $3,470,000 after buying an additional 590 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Autodesk by 202.8% in the second quarter. EP Wealth Advisors LLC now owns 2,353 shares of the software company's stock valued at $582,000 after buying an additional 1,576 shares in the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of Autodesk by 23.7% during the 2nd quarter. Advisory Alpha LLC now owns 1,911 shares of the software company's stock worth $473,000 after acquiring an additional 366 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. Wells Fargo & Company increased their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Rosenblatt Securities upped their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Hsbc Global Res downgraded Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Finally, Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $331.50.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Autodesk Trading Up 1.8 %

Shares of Autodesk stock traded up $5.42 during mid-day trading on Thursday, hitting $309.59. 354,262 shares of the stock were exchanged, compared to its average volume of 1,300,934. The stock has a market capitalization of $66.56 billion, a price-to-earnings ratio of 61.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. 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 company has a 50-day simple moving average of $299.38 and a 200 day simple moving average of $278.54.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current 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.