Livforsakringsbolaget Skandia Omsesidigt Purchases 146 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,831 shares of the software company’s stock after purchasing an additional 146 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in shares of Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after purchasing an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Autodesk in the third quarter worth $330,000. Louisiana State Employees Retirement System bought a new stake in Autodesk in the fourth quarter worth $7,280,000. International Assets Investment Management LLC boosted its holdings in Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after acquiring an additional 221,161 shares in the last quarter. Finally, Columbia Trust Co 01012016 boosted its holdings in Autodesk by 13.1% in the fourth quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock worth $1,060,000 after acquiring an additional 503 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of several analyst reports. Piper Sandler Companies boosted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Oppenheimer boosted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Citigroup boosted their price target on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Stifel Nicolaus restated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research note on Friday, April 12th. Finally, Mizuho boosted their price target on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 46,220 shares of company stock valued at $11,933,231 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK traded down $13.32 during midday trading on Wednesday, reaching $214.92. The company had a trading volume of 6,357,085 shares, compared to its average volume of 1,377,575. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average of $254.75 and a two-hundred day moving average of $235.23. The company has a market cap of $45.97 billion, a P/E ratio of 54.21, a P/E/G ratio of 3.16 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

About Autodesk

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.