Bank Julius Baer & Co. Ltd Zurich Decreases Position in Autodesk, Inc. (NASDAQ:ADSK)

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,547 shares of the software company's stock after selling 3,485 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.23% of Autodesk worth $138,052,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in Autodesk during the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk during the 4th quarter worth about $30,000. Abound Financial LLC bought a new position in shares of Autodesk during the 1st quarter worth about $35,000. Hurley Capital LLC bought a new position in shares of Autodesk during the 4th quarter worth about $44,000. Finally, CoreCap Advisors LLC boosted its position in shares of Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Up 0.9%

NASDAQ:ADSK traded up $2.65 on Friday, hitting $303.75. The stock had a trading volume of 351,843 shares, compared to its average volume of 1,622,519. 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 stock has a market cap of $65.00 billion, a P/E ratio of 65.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The firm's fifty day simple moving average is $299.19 and its two-hundred day simple moving average is $285.75.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 9,391 shares of company stock valued at $2,909,885. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADSK. The Goldman Sachs Group increased their price objective on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Bank of America increased their price objective on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Robert W. Baird increased their price objective on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Macquarie reissued an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $342.61.

About Autodesk

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.