48,143 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, Holdings Channel.com reports. The firm bought 48,143 shares of the software company’s stock, valued at approximately $13,906,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new stake in Autodesk in the third quarter valued at approximately $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 3rd quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter worth $37,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ADSK shares. Macquarie assumed coverage on Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target on the stock. Rosenblatt Securities increased their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group started coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Barclays upped their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Performance

NASDAQ:ADSK opened at $300.83 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $299.42 and its two-hundred day moving average price is $277.40. The stock has a market cap of $64.68 billion, a P/E ratio of 59.69, a PEG ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.