Autodesk, Inc. $ADSK Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,486 shares of the software company’s stock after acquiring an additional 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $7,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in shares of Autodesk during the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the third quarter worth about $25,000. Archer Investment Corp grew its stake in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. High Point Wealth Management LLC acquired a new position in Autodesk in the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd acquired a new position in Autodesk in the third quarter worth about $46,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ADSK shares. Robert W. Baird decreased their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. KeyCorp decreased their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. BMO Capital Markets decreased their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley cut their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $327.21.

Check Out Our Latest Analysis on Autodesk

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $233.64 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $237.83 and its two-hundred day moving average price is $258.36. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The stock has a market capitalization of $49.30 billion, a P/E ratio of 34.06, a P/E/G ratio of 1.46 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company posted $2.29 earnings per share. Autodesk’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

About Autodesk

(Free Report)

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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