Union Bancaire Privee UBP SA increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 63.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,469 shares of the software company’s stock after buying an additional 16,841 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Autodesk were worth $13,809,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC increased its position in shares of Autodesk by 122.2% in the third quarter. Oak Thistle LLC now owns 1,684 shares of the software company’s stock worth $535,000 after purchasing an additional 926 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in Autodesk during the third quarter worth about $28,000. Nilsine Partners LLC grew its stake in Autodesk by 1.0% during the third quarter. Nilsine Partners LLC now owns 4,620 shares of the software company’s stock worth $1,468,000 after buying an additional 47 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in Autodesk by 361.6% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 5,844 shares of the software company’s stock valued at $1,856,000 after buying an additional 4,578 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Autodesk by 7.0% in the 3rd quarter. GAMMA Investing LLC now owns 7,169 shares of the software company’s stock valued at $2,277,000 after buying an additional 467 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Trading Down 0.1%
NASDAQ ADSK opened at $293.98 on Wednesday. The company has a market cap of $62.32 billion, a price-to-earnings ratio of 56.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average is $301.71 and its 200 day moving average is $303.48.
Insider Transactions at Autodesk
In related news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ADSK shares. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday. Bank of America upped their target price on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. HSBC decreased their price target on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the company from $345.00 to $375.00 in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.59.
View Our Latest Stock Analysis on ADSK
Autodesk Profile
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.
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