Swiss National Bank Buys 6,400 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Swiss National Bank grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,700 shares of the software company's stock after buying an additional 6,400 shares during the period. Swiss National Bank owned approximately 0.30% of Autodesk worth $176,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in Autodesk by 101.6% during the third quarter. Thrivent Financial for Lutherans now owns 180,394 shares of the software company's stock valued at $49,696,000 after acquiring an additional 90,913 shares during the period. Claro Advisors LLC bought a new position in Autodesk during the third quarter valued at about $387,000. Atlanta Consulting Group Advisors LLC bought a new position in Autodesk during the third quarter valued at about $886,000. KPP Advisory Services LLC bought a new position in Autodesk during the third quarter valued at about $209,000. Finally, Natixis Advisors LLC increased its stake in Autodesk by 1.9% during the third quarter. Natixis Advisors LLC now owns 512,186 shares of the software company's stock valued at $141,097,000 after acquiring an additional 9,305 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,280 shares of company stock worth $5,232,213. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Citigroup set a $325.00 price target on Autodesk and gave the company a "buy" rating in a research note on Friday, October 18th. Barclays upped their price objective on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday. KeyCorp reiterated an "overweight" rating and issued a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and upped their price objective for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Bank of America upped their price objective on Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $301.19.

Autodesk Trading Up 1.0 %

Shares of ADSK stock traded up $2.90 during trading hours on Monday, reaching $302.05. The company had a trading volume of 920,065 shares, compared to its average volume of 1,576,516. The company has a 50 day moving average of $281.32 and a 200 day moving average of $251.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $64.94 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $315.73.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 EPS. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current 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.