Edmond DE Rothschild Holding S.A. Raises Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Autodesk, Inc. by 17.4% in the first quarter, acquiring 1,101 additional shares, bringing their total holdings to 7,433 shares valued at approximately $1.95 million.
• Several institutional investors also adjusted their positions in Autodesk, with Wealth Enhancement Advisory Services LLC leading with a 27.4% increase in their holdings.
• Analysts have raised their price targets for Autodesk, with Mizuho and Oppenheimer both increasing theirs to $375.00, supporting an overall positive outlook on the stock.

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,433 shares of the software company's stock after purchasing an additional 1,101 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Autodesk were worth $1,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its holdings in shares of Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Autodesk during the first quarter worth about $324,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Autodesk by 1.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after purchasing an additional 229 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Autodesk by 27.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company's stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,440 shares of company stock valued at $6,786,586. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Mizuho increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Oppenheimer increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Robert W. Baird increased their price target on shares of Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Loop Capital initiated coverage on shares of Autodesk in a research report on Monday, July 21st. They set a "hold" rating and a $320.00 price target on the stock. Finally, Rosenblatt Securities increased their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $356.83.

Autodesk Stock Performance

NASDAQ:ADSK opened at $319.93 on Friday. The firm has a market cap of $68.15 billion, a PE ratio of 66.24, a price-to-earnings-growth ratio of 2.80 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.65 and a current ratio of 0.76. The business has a 50 day moving average price of $298.83 and a 200-day moving average price of $285.25.

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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