Autodesk, Inc. $ADSK Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,771 shares of the software company’s stock after selling 26,291 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.08% of Autodesk worth $32,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quantinno Capital Management LP grew its position in shares of Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after acquiring an additional 167,064 shares in the last quarter. Man Group plc lifted its stake in Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after purchasing an additional 273,765 shares during the last quarter. Seilern Investment Management Ltd boosted its holdings in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after purchasing an additional 22,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Autodesk by 9.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company’s stock worth $247,167,000 after purchasing an additional 85,967 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $251.59 on Wednesday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a market cap of $53.09 billion, a PE ratio of 36.67, a P/E/G ratio of 1.58 and a beta of 1.29. The stock has a 50 day simple moving average of $214.99 and a 200-day simple moving average of $232.37. 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 (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $2.29 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADSK shares. Loop Capital dropped their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. KeyCorp decreased their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Bank of America reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Robert W. Baird decreased their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Wells Fargo & Company dropped their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Insider Activity at Autodesk

In other news, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 7,935 shares of company stock worth $1,666,644 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

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.