Handelsbanken Fonder AB Has $61.17 Million Position in Autodesk, Inc. $ADSK

Handelsbanken Fonder AB increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,639 shares of the software company’s stock after acquiring an additional 35,866 shares during the quarter. Handelsbanken Fonder AB’s holdings in Autodesk were worth $61,167,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. High Point Wealth Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth approximately $44,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $46,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research reports. BTIG Research decreased their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Loop Capital decreased their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Robert W. Baird decreased their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $333.07.

Autodesk Stock Performance

NASDAQ:ADSK opened at $243.49 on Tuesday. The stock has a fifty day moving average price of $240.96 and a 200-day moving average price of $263.93. The company has a market cap of $51.41 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 1.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a fifty-two week low of $214.10 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

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.