Bank Pictet & Cie Europe AG Acquires Shares of 4,232 Autodesk, Inc. (NASDAQ:ADSK)

Bank Pictet & Cie Europe AG acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,232 shares of the software company's stock, valued at approximately $1,108,000.

Several other large investors have also bought and sold shares of ADSK. Brighton Jones LLC boosted its position in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Autodesk in the 4th quarter worth approximately $13,906,000. Empowered Funds LLC boosted its position in shares of Autodesk by 35.7% in the 4th quarter. Empowered Funds LLC now owns 6,438 shares of the software company's stock worth $1,903,000 after purchasing an additional 1,695 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Autodesk by 16.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,731 shares of the software company's stock worth $512,000 after purchasing an additional 246 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its position in shares of Autodesk by 6.1% in the 4th quarter. Everhart Financial Group Inc. now owns 1,702 shares of the software company's stock worth $503,000 after purchasing an additional 98 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

Shares of ADSK opened at $292.16 on Monday. The firm has a market cap of $62.52 billion, a PE ratio of 57.97, a P/E/G ratio of 2.94 and a beta of 1.45. 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 fifty day simple moving average of $282.27 and a two-hundred day simple moving average of $285.33. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62.

Analyst Ratings Changes

A number of brokerages have recently commented on ADSK. Wells Fargo & Company reissued an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Bank of America boosted their price target on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $345.00 price target (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Piper Sandler upped their price objective on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $337.45.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company's stock.

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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