J. Safra Sarasin Holding AG Purchases 77,959 Shares of Autodesk, Inc. $ADSK

Key Points

• J. Safra Sarasin Holding AG increased its stake in Autodesk, Inc. by 238.6% in Q2, acquiring an additional 77,959 shares to hold a total of 110,633 shares worth approximately $34.2 million.
• Insider trading activity has seen executives selling significant shares, with EVP Rebecca Pearce reducing her holdings by 31.53% and EVP Steven M. Blum by 63.12% in recent transactions.
• A number of analysts have upgraded their price targets for Autodesk, with Oppenheimer setting a new target of $375.00, indicating a generally positive outlook on the stock amid a "Moderate Buy" rating from analysts.

J. Safra Sarasin Holding AG grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 238.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 110,633 shares of the software company's stock after buying an additional 77,959 shares during the period. J. Safra Sarasin Holding AG owned 0.05% of Autodesk worth $34,249,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ADSK. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $27,000. SouthState Corp grew its holdings in Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after acquiring an additional 80 shares during the period. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 2nd quarter valued at $31,000. Costello Asset Management INC bought a new stake in shares of Autodesk during the 1st quarter valued at $26,000. Finally, Close Asset Management Ltd acquired a new position in shares of Autodesk in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock valued at $11,433,201 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer lifted their price objective on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Rosenblatt Securities upped their price target on Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, August 29th. DA Davidson reaffirmed a "buy" rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a report on Monday, September 1st. Finally, Wells Fargo & Company boosted their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $359.13.

Autodesk Stock Down 0.6%

ADSK stock opened at $315.73 on Thursday. The business has a 50-day moving average of $306.66 and a 200-day moving average of $291.87. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock has a market capitalization of $67.25 billion, a P/E ratio of 65.37, a P/E/G ratio of 2.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

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.

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