Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by GAM Holding AG

GAM Holding AG lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,220 shares of the software company's stock after acquiring an additional 1,537 shares during the period. GAM Holding AG's holdings in Autodesk were worth $3,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ADSK. Cullen Frost Bankers Inc. lifted its stake in shares of Autodesk by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after purchasing an additional 39 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after purchasing an additional 42 shares in the last quarter. FineMark National Bank & Trust lifted its stake in shares of Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after purchasing an additional 42 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in shares of Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after purchasing an additional 42 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Macquarie restated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Citigroup boosted their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Wells Fargo & Company reissued an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. BMO Capital Markets boosted their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $345.00 target price (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 486 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now directly owns 28,345 shares of the company's stock, valued at approximately $8,503,500. This represents a 1.69% 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, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,995 shares of company stock valued at $816,082. Company insiders own 0.15% of the company's stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $2.02 on Friday, reaching $297.21. 2,874,571 shares of the company's stock were exchanged, compared to its average volume of 1,495,100. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 63.64, a PEG ratio of 2.86 and a beta of 1.45. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The business's 50-day moving average is $286.32 and its two-hundred day moving average is $285.38. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.