Forsta AP Fonden Has $13.48 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Forsta AP Fonden lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,600 shares of the software company’s stock after selling 6,000 shares during the period. Forsta AP Fonden’s holdings in Autodesk were worth $13,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new position in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $304.17 on Thursday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a fifty day simple moving average of $299.46 and a 200 day simple moving average of $278.36. The company has a market capitalization of $65.40 billion, a PE ratio of 60.35, a P/E/G ratio of 3.55 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned $1.33 earnings per share. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $280.00 to $400.00 in a research report on Tuesday. Rosenblatt Securities increased their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. UBS Group initiated coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.50.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

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.