Zurcher Kantonalbank Zurich Cantonalbank Has $63.91 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 216,241 shares of the software company's stock after buying an additional 3,295 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Autodesk worth $63,914,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the period. FMR LLC increased its position in Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after buying an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Autodesk by 2.7% during the third 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 worth $657,292,000 after buying an additional 61,785 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after acquiring an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new position in shares of Autodesk in the third quarter valued at about $510,189,000. 90.24% of the stock is owned by institutional investors.

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Autodesk Trading Down 2.0 %

Shares of NASDAQ:ADSK traded down $4.92 during midday trading on Thursday, reaching $246.93. The company's stock had a trading volume of 1,498,206 shares, compared to its average volume of 1,585,496. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 48.99, 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. The firm has a 50 day moving average price of $290.46 and a two-hundred day moving average price of $287.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. Barclays increased their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Scotiabank started coverage on Autodesk in a research report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 target price for the company. KeyCorp raised their price target on Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. DA Davidson upped their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Finally, 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 report on Friday, November 29th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $338.43.

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.