Autodesk, Inc. $ADSK Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Autodesk, Inc. by 2.9%, holding a total of 45,682 shares valued at approximately $11.96 million at the end of Q1.
• Several research analysts have raised their price targets for Autodesk, with Stifel Nicolaus setting a new target of $350 and 16 analysts giving the stock a buy rating.
• Insider activity includes the EVP Rebecca Pearce selling 3,251 shares for over $1 million, while insiders own just 0.15% of the company's stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,682 shares of the software company's stock after buying an additional 1,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Autodesk were worth $11,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADSK. Financial Network Wealth Advisors LLC raised its position in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after buying an additional 37 shares during the last quarter. Oregon Pacific Wealth Management LLC lifted its position in shares of Autodesk by 4.0% in the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after buying an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after buying an additional 41 shares in the last quarter. Johnson Financial Group Inc. boosted its position in shares of Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after acquiring an additional 42 shares during the last quarter. Finally, Sky Investment Group LLC increased its position in Autodesk by 0.5% in the first quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock worth $2,183,000 after purchasing an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 9,391 shares of company stock valued at $2,909,885. Company insiders own 0.15% of the company's stock.

Autodesk Stock Down 0.4%

Shares of ADSK traded down $1.2850 during mid-day trading on Wednesday, hitting $287.9550. 230,834 shares of the company traded hands, compared to its average volume of 1,586,855. The business has a 50 day moving average of $298.64 and a 200 day moving average of $285.50. The company has a market capitalization of $61.62 billion, a PE ratio of 61.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $326.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ADSK shares. DA Davidson raised Autodesk to a "strong-buy" rating in a research note on Tuesday, July 22nd. Citigroup upped their price target on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Loop Capital started coverage on shares of Autodesk in a research report on Monday, July 21st. They issued a "hold" rating and a $320.00 price objective for the company. Bank of America upped their target price on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, The Goldman Sachs Group raised their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $342.61.

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.