Forsta AP Fonden Grows Stock Position in Autodesk, Inc. $ADSK

Forsta AP Fonden boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,800 shares of the software company’s stock after buying an additional 15,500 shares during the period. Forsta AP Fonden’s holdings in Autodesk were worth $28,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Autodesk during the 4th quarter valued at $867,480,000. Eurizon Capital SGR S.p.A. bought a new position in Autodesk in the 4th quarter valued at $50,673,000. Hillsdale Investment Management Inc. grew its position in Autodesk by 1.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,160 shares of the software company’s stock valued at $935,000 after acquiring an additional 60 shares during the last quarter. Triglav Investments D.O.O. bought a new position in Autodesk in the 4th quarter valued at $340,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Autodesk in the 4th quarter valued at $16,231,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK opened at $231.31 on Friday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $238.52 and its 200-day simple moving average is $260.41. The company has a market capitalization of $48.84 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 58.65% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $2.29 EPS. 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. On average, equities research analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk beat first-quarter estimates, with revenue rising 18% year over year and EPS coming in above consensus, showing continued demand across construction, manufacturing, and AI-driven workflows.
• Positive Sentiment: The company raised fiscal 2027 guidance, which signals management confidence in continued growth and margin expansion.
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $325 price target, implying significant upside from current levels.
• Positive Sentiment: BTIG also reiterated a Buy rating, while Wells Fargo maintained an Overweight view and Piper Sandler kept an Overweight rating, suggesting Street confidence remains intact.
• Neutral Sentiment: Autodesk announced it will present at upcoming investor conferences, which may keep investor attention on the name but is not an immediate catalyst.
• Negative Sentiment: Shares are weaker because investors are worried the MaintainX acquisition could create execution risk, integration challenges, and pressure on margins and financing.
• Negative Sentiment: Some analysts trimmed price targets, including BMO Capital, Loop Capital, Wells Fargo, and Piper Sandler, reflecting a more cautious stance after the deal announcement.

Analysts Set New Price Targets

Several equities analysts have commented on ADSK shares. JPMorgan Chase & Co. upped their price objective on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company cut their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.75.

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.