Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 485,032 shares of the software company's stock, valued at approximately $154,408,000. Bank Julius Baer & Co. Ltd Zurich owned 0.23% of Autodesk at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jag Capital Management LLC bought a new position in shares of Autodesk during the third quarter valued at about $13,861,000. LMR Partners LLP bought a new position in Autodesk during the 3rd quarter valued at approximately $12,643,000. Starboard Value LP purchased a new stake in Autodesk in the 3rd quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. lifted its holdings in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after buying an additional 5,365 shares during the period. Finally, Brookstone Capital Management grew its position in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after buying an additional 26,768 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Autodesk Stock Up 0.4 %
Shares of ADSK stock traded up $1.00 during mid-day trading on Wednesday, hitting $251.85. The company's stock had a trading volume of 2,430,780 shares, compared to its average volume of 1,585,373. The stock has a market cap of $54.15 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The business has a 50-day moving average price of $291.33 and a 200 day moving average price of $287.90.
Analyst Ratings Changes
ADSK has been the subject of a number of research analyst reports. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. HSBC lowered shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Bank of America raised their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Citigroup reduced their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $338.43.
Get Our Latest Stock Analysis on ADSK
Autodesk Company Profile
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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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