Banque Cantonale Vaudoise Purchases 1,386 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Banque Cantonale Vaudoise grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,051 shares of the software company’s stock after buying an additional 1,386 shares during the period. Banque Cantonale Vaudoise’s holdings in Autodesk were worth $4,714,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in shares of Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after purchasing an additional 42 shares during the last quarter. Beacon Financial Group raised its position in Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after buying an additional 49 shares during the last quarter. First Affirmative Financial Network raised its position in Autodesk by 2.8% during the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock worth $469,000 after buying an additional 49 shares during the last quarter. InTrack Investment Management Inc raised its position in Autodesk by 2.3% during the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock worth $542,000 after buying an additional 49 shares during the last quarter. Finally, Pacifica Partners Inc. raised its position in Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Autodesk news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Insiders have sold a total of 39,931 shares of company stock valued at $9,537,781 in the last 90 days. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

Autodesk stock opened at $258.40 on Friday. The company’s fifty day moving average price is $245.97 and its 200 day moving average price is $239.25. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The stock has a market capitalization of $55.69 billion, a P/E ratio of 55.93, a P/E/G ratio of 3.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ADSK. Piper Sandler raised their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets raised their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday. Stifel Nicolaus raised their price target on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.33.

About Autodesk

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.