Banque Cantonale Vaudoise Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Key Points

• Banque Cantonale Vaudoise has invested $2.57 million in Autodesk, purchasing 9,830 shares, as disclosed in its recent 13F filing with the SEC.
• Institutional investors now own 90.24% of Autodesk's stock, with several funds like Massachusetts Financial Services and GAMMA Investing significantly increasing their holdings recently.
• Analysts have raised their price targets for Autodesk, with the average target now at $342.61, reflecting strong support from both buy and hold ratings.

Banque Cantonale Vaudoise bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,830 shares of the software company's stock, valued at approximately $2,573,000.

Several other large investors have also added to or reduced their stakes in ADSK. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in the fourth 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 during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $69,000. Level Four Advisory Services LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $240,000. Schroder Investment Management Group lifted its stake in shares of Autodesk by 20.7% during the 4th quarter. Schroder Investment Management Group now owns 116,046 shares of the software company's stock worth $34,300,000 after buying an additional 19,892 shares during the last quarter. Finally, RWA Wealth Partners LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the firm's 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 transaction, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by company insiders.

Autodesk Price Performance

ADSK stock traded down $5.03 during mid-day trading on Thursday, hitting $303.11. The stock had a trading volume of 1,491,655 shares, compared to its average volume of 1,699,151. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The firm has a market capitalization of $64.87 billion, a P/E ratio of 64.91, a P/E/G ratio of 2.96 and a beta of 1.44. The firm has a fifty day simple moving average of $300.14 and a 200 day simple moving average of $286.25.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and raised their target price for the stock from $325.00 to $365.00 in a research note on Friday, June 27th. Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They set a "hold" rating and a $320.00 target price for the company. Bank of America raised their target price on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. KeyCorp restated an "overweight" rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $342.61.

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.