Livforsakringsbolaget Skandia Omsesidigt Sells 5,300 Shares of Autodesk, Inc. $ADSK

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 21.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 19,186 shares of the software company’s stock after selling 5,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $4,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OFI Invest Asset Management raised its stake in shares of Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after purchasing an additional 37,449 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after buying an additional 167,064 shares during the last quarter. Man Group plc boosted its position in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Autodesk by 46.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after buying an additional 169,099 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock worth $280,166,000 after buying an additional 4,845 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock opened at $205.92 on Wednesday. The business’s fifty day simple moving average is $219.31 and its 200 day simple moving average is $239.70. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm has a market capitalization of $43.45 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $2.29 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling

In related news, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Royal Bank Of Canada reduced their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Robert W. Baird lowered their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. BNP Paribas Exane started coverage on shares of Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Finally, Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.