Handelsbanken Fonder AB increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 633.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,021 shares of the software company’s stock after purchasing an additional 95,021 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of Autodesk worth $26,316,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd lifted its position in Autodesk by 458.6% during the 1st quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock worth $26,000 after acquiring an additional 133 shares during the last quarter. Nvwm LLC acquired a new position in Autodesk during the 1st quarter valued at $31,000. CX Institutional increased its holdings in shares of Autodesk by 233.3% during the 2nd quarter. CX Institutional now owns 160 shares of the software company’s stock worth $38,000 after purchasing an additional 112 shares during the period. Ameritas Investment Company LLC acquired a new position in shares of Autodesk during the first quarter valued at about $41,000. Finally, Front Row Advisors LLC bought a new stake in shares of Autodesk in the first quarter valued at about $42,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.
In other Autodesk news, CAO Stephen W. Hope sold 236 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $224.16, for a total transaction of $52,901.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Anagnost sold 22,639 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $241.04, for a total value of $5,456,904.56. The disclosure for this sale can be found here. Insiders sold a total of 45,485 shares of company stock worth $10,980,901 in the last ninety days. Insiders own 0.14% of the company’s stock.
Shares of NASDAQ ADSK traded down $3.94 during midday trading on Wednesday, hitting $231.93. The stock had a trading volume of 21,944 shares, compared to its average volume of 1,568,010. The company’s 50-day simple moving average is $238.98 and its 200 day simple moving average is $206.73. The firm has a market cap of $51.72 billion, a P/E ratio of 145.59, a price-to-earnings-growth ratio of 3.10 and a beta of 1.52. Autodesk, Inc. has a fifty-two week low of $125.38 and a fifty-two week high of $261.94. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.84 and a quick ratio of 0.84.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, August 25th. The software company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The business had revenue of $913.10 million for the quarter, compared to analyst estimates of $901.76 million. Autodesk had a negative return on equity of 457.10% and a net margin of 10.26%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities analysts expect that Autodesk, Inc. will post 2.33 EPS for the current fiscal year.
A number of research firms have recently issued reports on ADSK. Stifel Nicolaus boosted their price objective on Autodesk from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Bank of America raised their price target on shares of Autodesk from $143.00 to $170.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 26th. Royal Bank of Canada increased their target price on Autodesk from $236.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Canaccord Genuity lifted their price objective on Autodesk from $260.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Finally, KeyCorp upped their target price on shares of Autodesk from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Autodesk currently has a consensus rating of “Hold” and a consensus price target of $242.41.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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