Autodesk, Inc. $ADSK Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,040 shares of the software company's stock after selling 1,020 shares during the period. Vontobel Holding Ltd. owned approximately 0.09% of Autodesk worth $59,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beacon Financial Group lifted its position in shares of Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock worth $350,000 after purchasing an additional 33 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock worth $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its position in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC lifted its position in shares of Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after purchasing an additional 38 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADSK. Morgan Stanley upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a report on Sunday, August 31st. Berenberg Bank set a $370.00 price target on shares of Autodesk in a report on Monday, September 1st. KeyCorp upped their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Piper Sandler upped their price target on shares of Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, UBS Group upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $359.13.

Autodesk Stock Down 0.9%

Shares of NASDAQ:ADSK opened at $311.41 on Thursday. The stock has a market capitalization of $66.33 billion, a price-to-earnings ratio of 64.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company's fifty day moving average is $307.96 and its two-hundred day moving average is $293.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director directly owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. 0.15% of the stock is currently owned by company insiders.

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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