Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Swedbank AB

Swedbank AB lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,148 shares of the software company’s stock after selling 156 shares during the period. Swedbank AB owned about 0.06% of Autodesk worth $37,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Financial Group LLC boosted its stake in Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after acquiring an additional 35 shares during the period. Avitas Wealth Management LLC lifted its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after purchasing an additional 44 shares during the period. Meeder Asset Management Inc. grew its stake in Autodesk by 28.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock worth $54,000 after buying an additional 44 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after buying an additional 45 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock worth $5,232,213. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Down 0.6 %

NASDAQ:ADSK opened at $319.39 on Tuesday. The stock’s 50-day moving average is $287.47 and its two-hundred day moving average is $255.89. The stock has a market cap of $68.67 billion, a PE ratio of 65.32, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday. Mizuho set a $260.00 target price on shares of Autodesk in a research note on Friday, October 18th. BMO Capital Markets raised their price target on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Scotiabank initiated coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $309.43.

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.