SEB Asset Management AB Invests $104.37 Million in Autodesk, Inc. $ADSK

SEB Asset Management AB bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 435,968 shares of the software company’s stock, valued at approximately $104,371,000.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank increased its stake in Autodesk by 6.6% during the first quarter. Swiss National Bank now owns 622,160 shares of the software company’s stock worth $148,945,000 after acquiring an additional 38,440 shares during the last quarter. World Equity Group Inc. bought a new stake in shares of Autodesk in the 1st quarter valued at approximately $292,000. Mediolanum International Funds Ltd boosted its holdings in shares of Autodesk by 29.0% in the 1st quarter. Mediolanum International Funds Ltd now owns 94,712 shares of the software company’s stock worth $22,322,000 after purchasing an additional 21,270 shares during the period. Kera Capital Partners Inc. boosted its holdings in shares of Autodesk by 11.1% in the 1st quarter. Kera Capital Partners Inc. now owns 1,930 shares of the software company’s stock worth $462,000 after purchasing an additional 193 shares during the period. Finally, Gryphon Financial Partners LLC bought a new position in shares of Autodesk during the 1st quarter valued at approximately $212,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $218.35 on Friday. The business has a fifty day moving average of $217.43 and a 200 day moving average of $238.34. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $46.07 billion, a P/E ratio of 31.83, a PEG ratio of 1.34 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $2.29 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. 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, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on ADSK. Wells Fargo & Company decreased their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Royal Bank Of Canada dropped their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research report on Friday, May 29th. BMO Capital Markets lowered their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Finally, BNP Paribas Exane assumed coverage on shares of Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. 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 stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

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.