Vontobel Holding Ltd. Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Vontobel Holding Ltd. lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,060 shares of the software company's stock after selling 10,485 shares during the period. Vontobel Holding Ltd. owned 0.09% of Autodesk worth $50,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Investment Management Corp VA ADV bought a new stake in Autodesk in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk during the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new stake in shares of Autodesk in the fourth quarter worth about $44,000. CoreCap Advisors LLC lifted its position in shares of Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after buying an additional 106 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 0.4%

ADSK traded down $1.33 during trading hours on Wednesday, reaching $310.34. 1,139,468 shares of the company's stock traded hands, compared to its average volume of 1,483,106. The firm has a 50-day moving average price of $292.68 and a 200 day moving average price of $285.33. The firm has a market capitalization of $66.41 billion, a PE ratio of 66.45, a PEG ratio of 3.00 and a beta of 1.44. 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, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,110 shares of Autodesk stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $310.00, for a total transaction of $964,100.00. Following the completion of the sale, the executive vice president owned 22,691 shares in the company, valued at $7,034,210. This trade represents a 12.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 6,140 shares of company stock valued at $1,885,820 in the last quarter. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ADSK. DA Davidson set a $305.00 price objective on Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Mizuho reduced their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $370.00 target price (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $340.45.

Autodesk 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.