Pictet Asset Management Holding SA Sells 58,809 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Pictet Asset Management Holding SA lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,669,345 shares of the software company’s stock after selling 58,809 shares during the quarter. Pictet Asset Management Holding SA owned about 0.78% of Autodesk worth $493,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the period. State Street Corp raised its stake in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares during the period. Principal Financial Group Inc. lifted its holdings in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Norges Bank bought a new position in Autodesk in the 4th quarter worth about $632,566,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Down 0.5 %

Shares of NASDAQ:ADSK opened at $269.81 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market cap of $57.47 billion, a P/E ratio of 53.53, a PEG ratio of 2.94 and a beta of 1.51. The stock’s fifty day moving average price is $284.61 and its 200-day moving average price is $288.08.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADSK. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. DA Davidson raised their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Stifel Nicolaus decreased their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Company 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.