Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 96.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,886 shares of the software company's stock after purchasing an additional 7,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Autodesk were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of Autodesk during the fourth quarter valued at approximately $29,000. Tradewinds Capital Management LLC grew its stake 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. Mizuho Securities Co. Ltd. purchased a new position in Autodesk during the 4th quarter worth $30,000. Finally, Addison Advisors LLC boosted its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock traded down $0.77 on Wednesday, hitting $296.77. 1,198,594 shares of the company were exchanged, compared to its average volume of 1,558,490. The stock has a market capitalization of $63.51 billion, a price-to-earnings ratio of 58.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The company has a 50-day moving average price of $279.08 and a 200 day moving average price of $285.65. Autodesk, Inc. has a 1-year low of $214.51 and a 1-year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 target price (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. UBS Group raised their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Stifel Nicolaus raised their price objective on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

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.