Edmond DE Rothschild Holding S.A. lifted its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,168 shares of the software company’s stock after acquiring an additional 735 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Autodesk were worth $2,529,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Beacon Financial Group grew its stake in shares of Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. grew its position in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares during the period. Bridgewater Advisors Inc. increased its stake in shares of Autodesk by 2.2% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after purchasing an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC lifted its stake in Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after buying an additional 37 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Stock Up 1.6%
ADSK stock opened at $294.43 on Wednesday. The stock has a market capitalization of $62.71 billion, a P/E ratio of 60.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $307.38 and a 200-day moving average price of $302.86. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09.
Insider Transactions at Autodesk
In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. The trade was a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Mizuho raised their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Macquarie boosted their price objective on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Oppenheimer boosted their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Bank of America lifted their target price on Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $358.30.
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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