Autodesk, Inc. $ADSK Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,742 shares of the software company’s stock after acquiring an additional 21,960 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Autodesk were worth $23,012,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently issued reports on ADSK. 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. Argus raised Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft dropped their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.21.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $229.96 on Friday. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.85. The business’s fifty day moving average price is $237.72 and its two-hundred day moving average price is $258.17. The firm has a market capitalization of $48.52 billion, a PE ratio of 33.52, a P/E/G ratio of 1.48 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 analyst estimates of $1.89 billion. During the same period last year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that Autodesk, Inc. will post 9.35 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

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.