Autodesk, Inc. (NASDAQ:ADSK) Holdings Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,382 shares of the software company’s stock after selling 2,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Autodesk were worth $13,118,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter worth about $25,000. Concord Wealth Partners bought a new position in Autodesk in the 3rd quarter worth about $28,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Autodesk during the fourth quarter worth approximately $37,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group started coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Citigroup raised their price target on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. Macquarie started coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Price Performance

NASDAQ ADSK opened at $285.00 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market cap of $61.28 billion, a PE ratio of 56.55, a PEG ratio of 3.00 and a beta of 1.43. The stock’s 50-day moving average price is $298.25 and its two-hundred day moving average price is $286.00.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current 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.