Handelsbanken Fonder AB Grows Holdings in Autodesk, Inc. $ADSK

Handelsbanken Fonder AB grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,038 shares of the software company’s stock after purchasing an additional 3,768 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Autodesk worth $40,256,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp grew its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC bought a new stake in shares of Autodesk during the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Flaharty Asset Management LLC bought a new position in Autodesk in the first quarter worth approximately $27,000. Finally, Access Investment Management LLC purchased a new position in Autodesk during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $1,427,725. This represents a 41.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Oppenheimer lifted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus upped their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. HSBC set a $343.00 target price on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $358.30.

Autodesk Stock Performance

Shares of Autodesk stock opened at $290.80 on Friday. The company has a market capitalization of $61.94 billion, a PE ratio of 60.21, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a 50-day simple moving average of $308.49 and a two-hundred day simple moving average of $302.51. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Research analysts expect that Autodesk, Inc. will post 5.76 EPS 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.