Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 607,400 shares of the software company's stock after selling 32,300 shares during the quarter. Swiss National Bank owned 0.28% of Autodesk worth $179,529,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Autodesk in the 4th quarter valued at $154,408,000. Massachusetts Financial Services Co. MA grew its stake in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock valued at $156,296,000 after acquiring an additional 452,728 shares during the period. Raymond James Financial Inc. acquired a new stake in Autodesk in the 4th quarter valued at $116,828,000. Finally, Franklin Resources Inc. grew its stake in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock valued at $413,405,000 after acquiring an additional 387,309 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lifted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Barclays lifted their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $338.43.

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Autodesk Stock Down 2.0 %

Shares of ADSK opened at $246.93 on Friday. The firm has a market cap of $52.60 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company's 50-day moving average price is $289.53 and its 200 day moving average price is $287.37. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.

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