J. Safra Sarasin Holding AG Increases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

J. Safra Sarasin Holding AG increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,559 shares of the software company's stock after acquiring an additional 12,201 shares during the period. J. Safra Sarasin Holding AG's holdings in Autodesk were worth $12,284,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd lifted its position in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock valued at $1,000,000 after buying an additional 35 shares during the last quarter. Grove Bank & Trust boosted its position in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after purchasing an additional 37 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after purchasing an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after purchasing an additional 38 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Up 2.7 %

Shares of ADSK stock traded up $7.27 during mid-day trading on Thursday, reaching $271.71. The stock had a trading volume of 1,303,258 shares, compared to its average volume of 1,639,869. 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 $57.87 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock's 50-day moving average price is $265.57 and its two-hundred day moving average price is $286.59.

Analyst Ratings Changes

Several equities analysts recently commented on ADSK shares. Mizuho reduced their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird dropped their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, KeyCorp lowered their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $321.36.

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.