Skandinaviska Enskilda Banken AB publ Buys 23,969 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 33.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,412 shares of the software company’s stock after acquiring an additional 23,969 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Autodesk were worth $28,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Autodesk in the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the 4th quarter worth approximately $39,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ADSK. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Macquarie reissued an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Stifel Nicolaus reduced their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Price Performance

ADSK opened at $246.93 on Friday. The stock has a market cap of $52.60 billion, a P/E ratio of 48.99, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $289.53 and a 200 day simple moving average of $287.37.

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.