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

Handelsbanken Fonder AB raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,639 shares of the software company’s stock after buying an additional 35,866 shares during the quarter. Handelsbanken Fonder AB owned about 0.10% of Autodesk worth $61,167,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Autodesk by 98.1% during the 2nd 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 shares of Autodesk during the 2nd quarter valued at about $466,000. Baird Financial Group Inc. lifted its holdings 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 valued at $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings 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 valued at $4,291,000 after purchasing an additional 2,795 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADSK. Wells Fargo & Company cut their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. BTIG Research dropped their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Argus raised Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Loop Capital dropped their target price on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Finally, Arete Research dropped their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $333.07.

Autodesk Trading Up 2.9%

Shares of Autodesk stock opened at $243.49 on Tuesday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The stock has a market cap of $51.41 billion, a P/E ratio of 46.47, a P/E/G ratio of 1.53 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $240.96 and its 200-day moving average is $263.93.

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

Autodesk 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.