Autodesk, Inc. (NASDAQ:ADSK) Stake Lifted by Slow Capital Inc.

Slow Capital Inc. raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,047 shares of the software company's stock after buying an additional 11,387 shares during the period. Autodesk comprises about 1.0% of Slow Capital Inc.'s portfolio, making the stock its 22nd largest holding. Slow Capital Inc.'s holdings in Autodesk were worth $7,605,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oregon Pacific Wealth Management LLC raised its stake in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after acquiring an additional 38 shares during the period. GPS Wealth Strategies Group LLC raised 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 acquiring an additional 41 shares during the period. EverSource Wealth Advisors LLC raised 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 acquiring an additional 42 shares during the period. FineMark National Bank & Trust increased its stake in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after buying an additional 42 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after buying an additional 42 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ ADSK traded down $5.59 on Tuesday, hitting $288.96. The stock had a trading volume of 1,830,749 shares, compared to its average volume of 1,518,533. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $61.84 billion, a price-to-earnings ratio of 61.88, a P/E/G ratio of 2.83 and a beta of 1.44. The company's 50-day moving average is $298.33 and its two-hundred day moving average is $285.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. KeyCorp reissued an "overweight" rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Scotiabank dropped their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Finally, Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the company'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 completion of the transaction, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by corporate insiders.

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.