Autodesk, Inc. (NASDAQ:ADSK) Position Lifted by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,172 shares of the software company’s stock after acquiring an additional 2,434 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Autodesk were worth $10,025,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ADSK. Bfsg LLC bought a new position in Autodesk during the 4th quarter valued at $27,000. Rakuten Securities Inc. bought a new position in Autodesk during the 4th quarter valued at $28,000. Private Wealth Management Group LLC bought a new position in Autodesk during the 4th quarter valued at $31,000. First United Bank & Trust bought a new position in Autodesk during the 4th quarter valued at $34,000. Finally, Operose Advisors LLC bought a new position in Autodesk during the 3rd quarter valued at $35,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded down $4.63 during midday trading on Tuesday, hitting $210.26. 661,706 shares of the company’s stock were exchanged, compared to its average volume of 1,450,734. The firm has a market cap of $45.31 billion, a P/E ratio of 50.09, a PEG ratio of 2.95 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The stock’s 50 day moving average price is $230.79 and its 200-day moving average price is $237.52. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were 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 approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,616 shares of company stock valued at $9,319,448. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADSK. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price on the stock. in a report on Wednesday, May 1st. Rosenblatt Securities increased their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Stifel Nicolaus dropped their target price on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Barclays increased their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Piper Sandler increased their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has an average rating of “Hold” and a consensus price target of $270.17.

Check Out Our Latest Research Report on ADSK

Autodesk Profile

(Free Report)

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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