Banque Pictet & Cie SA Sells 1,979 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Banque Pictet & Cie SA decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,956 shares of the software company's stock after selling 1,979 shares during the period. Banque Pictet & Cie SA's holdings in Autodesk were worth $10,923,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the fourth quarter worth $25,000. Livelsberger Financial Advisory bought a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Concord Wealth Partners acquired a new stake in shares of Autodesk in the third quarter valued at about $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the third quarter worth about $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADSK shares. Stifel Nicolaus upped their price objective on Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 target price on the stock. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They set an "outperform" rating and a $380.00 price target for the company. Finally, UBS Group initiated coverage on Autodesk in a research note on Monday, December 2nd. They issued a "buy" rating and a $350.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $333.77.

Autodesk Price Performance

ADSK stock traded down $7.06 during mid-day trading on Tuesday, hitting $295.66. The stock had a trading volume of 2,746,295 shares, compared to its average volume of 1,360,260. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $63.57 billion, a P/E ratio of 58.66, a P/E/G ratio of 3.17 and a beta of 1.43. The firm has a fifty day simple moving average of $299.33 and a 200 day simple moving average of $284.26. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

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