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

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,831 shares of the software company’s stock after acquiring an additional 146 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $2,637,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in shares of Autodesk during the fourth quarter worth $28,000. First Manhattan Co. boosted its position in shares of Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after buying an additional 120 shares during the period. Operose Advisors LLC purchased a new position in shares of Autodesk during the third quarter worth $35,000. AdvisorNet Financial Inc boosted its position in shares of Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after buying an additional 57 shares during the period. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after buying an additional 97 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 5.8 %

Autodesk stock traded down $13.32 during midday trading on Wednesday, reaching $214.92. The company’s stock had a trading volume of 6,357,085 shares, compared to its average volume of 1,377,575. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. 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 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. The business has a 50-day simple moving average of $254.75 and a 200-day simple moving average of $235.23.

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

Insider Transactions at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Deborah Clifford sold 5,553 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,220 shares of company stock worth $11,933,231. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer raised their price target on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Piper Sandler raised their price target on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Autodesk in a research note on Monday, April 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. Finally, TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. One 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’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

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.