UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Autodesk, Inc. (NASDAQ:ADSK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,053,750 shares of the software company's stock after acquiring an additional 667,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.42% of Autodesk worth $902,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in Autodesk during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC increased its stake in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth about $30,000. Addison Advisors LLC lifted its holdings in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $39,000. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. DA Davidson decreased their price objective on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $321.32.

Autodesk Stock Down 0.7%

Autodesk stock opened at $295.90 on Tuesday. The company has a market capitalization of $63.31 billion, a PE ratio of 58.71, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm's fifty day moving average is $268.50 and its 200 day moving average is $286.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity 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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