Union Bancaire Privee UBP SA Has $4.35 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Union Bancaire Privee UBP SA lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 66.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,124 shares of the software company's stock after selling 32,019 shares during the period. Union Bancaire Privee UBP SA's holdings in Autodesk were worth $4,350,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Investment Management Corp VA ADV acquired a new stake in Autodesk in the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% in the 4th 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. purchased a new position in Autodesk in the 4th quarter worth approximately $30,000. Finally, Addison Advisors LLC boosted its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on 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 acquisition, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's 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 completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock traded up $1.80 during trading on Thursday, hitting $298.57. The stock had a trading volume of 1,054,278 shares, compared to its average volume of 1,546,522. The business has a fifty day moving average of $280.10 and a two-hundred day moving average of $285.73. Autodesk, Inc. has a fifty-two week low of $221.04 and a fifty-two week high of $326.62. The firm has a market cap of $63.89 billion, a P/E ratio of 59.24, a PEG ratio of 2.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analyst Ratings Changes

ADSK has been the subject of a number of analyst reports. Mizuho dropped their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Barclays raised their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price objective (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and set a $340.00 target price on shares of Autodesk in a research note on Tuesday, May 20th. Finally, Citigroup upped their price target on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $337.45.

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.