E. Ohman J or Asset Management AB Purchases 7,562 Shares of Autodesk, Inc. (NASDAQ:ADSK)

E. Ohman J or Asset Management AB raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,850 shares of the software company's stock after buying an additional 7,562 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.06% of Autodesk worth $32,686,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after purchasing an additional 147 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Autodesk in the 4th quarter valued at approximately $13,906,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Autodesk by 5.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,157 shares of the software company's stock valued at $342,000 after purchasing an additional 63 shares during the period. Mather Group LLC. grew its position in shares of Autodesk by 10.4% in the 4th quarter. Mather Group LLC. now owns 2,296 shares of the software company's stock valued at $678,000 after purchasing an additional 217 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of Autodesk by 4.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,281 shares of the software company's stock valued at $379,000 after purchasing an additional 59 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction 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 $802,671.87. This represents a 44.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred 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 acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADSK shares. Macquarie restated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Stifel Nicolaus upped their price objective on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. The Goldman Sachs Group upped their price objective on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wells Fargo & Company reiterated an "overweight" rating and set a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Citigroup upped their price objective on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Autodesk Stock Performance

Shares of ADSK traded down $0.36 during mid-day trading on Friday, hitting $297.86. The stock had a trading volume of 941,689 shares, compared to its average volume of 1,576,952. The firm has a market cap of $63.74 billion, a P/E ratio of 59.10, a PEG ratio of 2.94 and a beta of 1.45. The business has a fifty day moving average price of $277.02 and a 200-day moving average price of $286.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52 week low of $205.86 and a 52 week high of $326.62.

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.