Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,707 shares of the software company’s stock after selling 3,020 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Autodesk were worth $16,748,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. TD Asset Management Inc increased its holdings in shares of Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after acquiring an additional 6,481 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after acquiring an additional 8,456 shares in the last quarter. Meyer Handelman Co. acquired a new position in shares of Autodesk during the first quarter valued at about $903,000. Finally, Caxton Associates LP increased its holdings in Autodesk by 1,353.8% in the 4th quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock worth $23,624,000 after buying an additional 90,352 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at $8,610,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,762 shares of company stock worth $10,046,302. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADSK shares. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Rosenblatt Securities increased their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Mizuho increased their price target on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Robert W. Baird cut their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.17.

Autodesk Trading Down 0.9 %

Shares of NASDAQ:ADSK opened at $267.29 on Friday. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The firm has a market capitalization of $57.60 billion, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50 day moving average price is $250.26 and its 200-day moving average price is $239.61.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

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.