Vontobel Holding Ltd. Has $59.87 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Vontobel Holding Ltd. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 423.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,545 shares of the software company's stock after acquiring an additional 163,863 shares during the period. Vontobel Holding Ltd. owned about 0.09% of Autodesk worth $59,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jag Capital Management LLC purchased a new stake in shares of Autodesk during the third quarter worth $13,861,000. LMR Partners LLP purchased a new stake in shares of Autodesk during the third quarter worth $12,643,000. Starboard Value LP purchased a new stake in shares of Autodesk during the third quarter worth $510,189,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after acquiring an additional 5,365 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after buying an additional 26,768 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ADSK shares. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They set an "outperform" rating and a $380.00 target price on the stock. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Citigroup raised their target price on Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a report on Friday, November 29th. Finally, Robert W. Baird raised their target price on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $333.77.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $7.06 during trading hours on Tuesday, hitting $295.66. 2,746,295 shares of the stock were exchanged, compared to its average volume of 1,360,260. 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 company has a market cap of $63.57 billion, a PE ratio of 58.66, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company's fifty day simple moving average is $299.33 and its two-hundred day simple moving average is $284.26. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

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.