Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 53,480 Shares of Autodesk, Inc. $ADSK

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 68.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 131,222 shares of the software company’s stock after purchasing an additional 53,480 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Autodesk were worth $31,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in Autodesk in the second quarter valued at approximately $466,000. Baird Financial Group Inc. increased its position in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 3.9%

ADSK stock opened at $207.48 on Friday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The business’s 50 day simple moving average is $224.13 and its 200 day simple moving average is $244.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $43.78 billion, a PE ratio of 30.24, a PEG ratio of 1.23 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Rothschild & Co Redburn lowered their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Piper Sandler dropped their price target on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Company Profile

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.