Skandinaviska Enskilda Banken AB publ Lowers Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Skandinaviska Enskilda Banken AB publ decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,471 shares of the software company’s stock after selling 14,135 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Autodesk were worth $15,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Curi Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Gradient Investments LLC grew its holdings in shares of Autodesk by 68.4% during the 4th quarter. Gradient Investments LLC now owns 96 shares of the software company’s stock worth $27,000 after purchasing an additional 39 shares during the period. Investment Research & Advisory Group Inc. purchased a new stake in shares of Autodesk during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Autodesk during the 4th quarter worth about $28,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in shares of Autodesk during the 4th quarter worth about $33,000. Institutional investors own 89.55% of the company’s stock.

In other news, CFO Deborah Clifford sold 1,820 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $212.30, for a total value of $386,386.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 1,626 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $212.30, for a total value of $345,199.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,458 shares of company stock valued at $1,545,628. 0.11% of the stock is owned by company insiders.

ADSK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Autodesk from $330.00 to $275.00 and set a “buy” rating for the company in a report on Friday, February 25th. Royal Bank of Canada reduced their price target on Autodesk from $343.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 22nd. KeyCorp reduced their price target on Autodesk from $300.00 to $260.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. JPMorgan Chase & Co. reduced their price target on Autodesk from $355.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Finally, StockNews.com lowered Autodesk from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $292.85.

ADSK stock opened at $186.32 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.68. The firm has a market cap of $40.58 billion, a P/E ratio of 83.55 and a beta of 1.44. Autodesk, Inc. has a 12-month low of $180.19 and a 12-month high of $344.39. The stock’s 50 day simple moving average is $202.51 and its 200 day simple moving average is $245.86.

Autodesk (NASDAQ:ADSK – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The software company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Autodesk had a return on equity of 55.95% and a net margin of 11.33%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. On average, research analysts forecast that Autodesk, Inc. will post 4.25 EPS for the current fiscal year.

About Autodesk (Get Rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

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