Forsta AP Fonden Buys 3,200 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Forsta AP Fonden boosted its stake in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,200 shares of the software company’s stock after purchasing an additional 3,200 shares during the period. Forsta AP Fonden’s holdings in Autodesk were worth $14,833,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its position in Autodesk by 6.4% in the 4th quarter. CENTRAL TRUST Co now owns 713 shares of the software company’s stock worth $200,000 after purchasing an additional 43 shares during the period. Sigma Planning Corp boosted its stake in shares of Autodesk by 1.1% during the 4th quarter. Sigma Planning Corp now owns 4,594 shares of the software company’s stock worth $1,292,000 after acquiring an additional 50 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Autodesk by 0.6% during the 1st quarter. Highland Capital Management LLC now owns 8,105 shares of the software company’s stock worth $1,737,000 after acquiring an additional 52 shares during the last quarter. Cozad Asset Management Inc. boosted its stake in shares of Autodesk by 6.0% during the 1st quarter. Cozad Asset Management Inc. now owns 970 shares of the software company’s stock worth $208,000 after acquiring an additional 55 shares during the last quarter. Finally, Shorepoint Capital Partners LLC boosted its stake in shares of Autodesk by 2.1% during the 4th quarter. Shorepoint Capital Partners LLC now owns 2,935 shares of the software company’s stock worth $825,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADSK shares. Oppenheimer started coverage on shares of Autodesk in a research note on Tuesday, July 26th. They set an “outperform” rating and a $320.00 price target on the stock. OTR Global upgraded shares of Autodesk to a “positive” rating in a research note on Thursday, May 5th. Mizuho reiterated a “buy” rating and set a $250.00 price target on shares of Autodesk in a research note on Friday, May 27th. KeyCorp lowered their target price on shares of Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, May 27th. Finally, StockNews.com upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.80.

Autodesk Stock Performance

Autodesk stock opened at $221.70 on Friday. The company’s 50-day moving average price is $189.93 and its 200-day moving average price is $203.36. Autodesk, Inc. has a twelve month low of $163.20 and a twelve month high of $344.39. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.35. The company has a market cap of $48.17 billion, a PE ratio of 100.77 and a beta of 1.53.

Autodesk (NASDAQ:ADSKGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The software company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 3.99 EPS for the current fiscal year.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 1,608 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the transaction, the executive vice president now directly owns 19,325 shares in the company, valued at approximately $4,016,894.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 327 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total value of $58,019.61. Following the completion of the sale, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at approximately $742,721.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rebecca Pearce sold 1,608 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the sale, the executive vice president now directly owns 19,325 shares of the company’s stock, valued at $4,016,894.50. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Autodesk Company Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

See Also

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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