Handelsbanken Fonder AB Has $35.77 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Handelsbanken Fonder AB increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,913 shares of the software company's stock after buying an additional 18,824 shares during the period. Handelsbanken Fonder AB owned about 0.07% of Autodesk worth $35,770,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new stake in Autodesk in the 4th quarter valued at approximately $28,000. Operose Advisors LLC acquired a new stake in shares of Autodesk during the third quarter valued at $35,000. AdvisorNet Financial Inc increased its position in Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Autodesk by 61.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company's stock valued at $37,000 after purchasing an additional 68 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its holdings in Autodesk by 230.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company's stock valued at $40,000 after purchasing an additional 136 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.3 %

Shares of ADSK stock traded up $0.63 during trading hours on Monday, reaching $217.13. The company had a trading volume of 1,776,410 shares, compared to its average volume of 1,447,840. The company has a market capitalization of $46.44 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The stock's fifty day simple moving average is $250.96 and its 200 day simple moving average is $235.48.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.26 earnings per share. Autodesk's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADSK shares. KeyCorp boosted their price objective on shares of Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Rosenblatt Securities raised their price objective on Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Piper Sandler Companies lifted their price objective on Autodesk from $234.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Citigroup increased their target price on Autodesk from $276.00 to $307.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Finally, The Goldman Sachs Group lifted their price target on Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.44.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares of the company's stock, valued at $10,262,910.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares of the company's stock, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares of the company's stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by insiders.

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.