Slow Capital Inc. Has $3.51 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Slow Capital Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,418 shares of the software company’s stock after buying an additional 141 shares during the period. Slow Capital Inc.’s holdings in Autodesk were worth $3,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC boosted its position in Autodesk by 351.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock worth $775,000 after acquiring an additional 2,820 shares during the period. Panagora Asset Management Inc. lifted its position in Autodesk by 71.7% in the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after buying an additional 1,871 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock valued at $1,006,000 after acquiring an additional 164 shares in the last quarter. Moors & Cabot Inc. acquired a new position in shares of Autodesk in the first quarter worth $218,000. Finally, Dakota Wealth Management grew its stake in Autodesk by 18.0% in the first quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock valued at $411,000 after purchasing an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Oppenheimer lifted their price objective on shares of Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. KeyCorp upped their price objective on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Barclays raised their target price on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Rosenblatt Securities upped their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Stock Performance

NASDAQ:ADSK traded down $11.14 during trading hours on Wednesday, hitting $217.10. 3,870,488 shares of the company traded hands, compared to its average volume of 1,340,693. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The firm has a 50-day moving average of $254.75 and a 200 day moving average of $235.23. The stock has a market capitalization of $46.44 billion, a price-to-earnings ratio of 54.21, a P/E/G ratio of 3.16 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stacy J. Smith sold 7,554 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the sale, the director now directly owns 19,934 shares in the company, valued at approximately $4,863,896. The disclosure for this sale can be found here. Insiders sold a total of 46,220 shares of company stock valued at $11,933,231 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.