Skandinaviska Enskilda Banken AB publ Has $53.84 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in Autodesk, Inc. by 115.6%, owning approximately $53.84 million worth of the stock by the end of the first quarter.
• Institutional investors hold about 90.24% of Autodesk's stock, with significant increases in holdings from major firms like Massachusetts Financial Services and GAMMA Investing.
• Analysts have varied opinions on Autodesk's stock with price targets ranging from $280.00 to $376.00, reflecting a mix of "hold" and "buy" ratings among different firms.

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 115.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 205,737 shares of the software company's stock after acquiring an additional 110,325 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.10% of Autodesk worth $53,843,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ninety One UK Ltd grew its stake in shares of Autodesk by 1.6% in the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after purchasing an additional 79,900 shares in the last quarter. Geode Capital Management LLC increased its stake in Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after buying an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock valued at $902,597,000 after buying an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after buying an additional 124,948 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after acquiring an additional 420,838 shares during the period. Institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ADSK shares. KeyCorp reissued an "overweight" rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer restated an "outperform" rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Barclays increased their price objective on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $342.61.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 9,391 shares of company stock valued at $2,909,885 in the last ninety days. 0.15% of the stock is owned by insiders.

Autodesk Stock Up 0.7%

Shares of Autodesk stock traded up $2.18 during trading on Friday, hitting $303.28. 943,975 shares of the stock traded hands, compared to its average volume of 1,828,510. The stock has a market cap of $64.90 billion, a P/E ratio of 64.94, a PEG ratio of 2.92 and a beta of 1.44. The company has a fifty day moving average price of $299.29 and a two-hundred day moving average price of $285.76. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.