Vontobel Holding Ltd. Sells 4,218 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vontobel Holding Ltd. lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,344 shares of the software company's stock after selling 4,218 shares during the period. Vontobel Holding Ltd.'s holdings in Autodesk were worth $20,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. AdvisorNet Financial Inc boosted its holdings in shares of Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. First Manhattan Co. boosted its stake in Autodesk by 342.9% in the first quarter. First Manhattan Co. now owns 155 shares of the software company's stock worth $33,000 after buying an additional 120 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company's stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Autodesk during the third quarter worth approximately $35,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $41,000. Institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Rosenblatt Securities lifted their price objective on Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Stifel Nicolaus restated a "buy" rating and set a $316.00 target price on shares of Autodesk in a report on Friday. BMO Capital Markets lifted their price target on Autodesk from $232.00 to $293.00 and gave the stock a "market perform" rating in a research note on Friday, March 1st. Finally, KeyCorp increased their price objective on Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $272.44.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares of the company's stock, valued at $898,621.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Deborah Clifford sold 5,553 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now owns 32,259 shares of the company's stock, valued at $8,387,662.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company's stock, valued at $898,621.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,220 shares of company stock worth $11,933,231. 0.14% of the stock is owned by insiders.

Autodesk Stock Down 0.6 %

Shares of ADSK stock traded down $1.38 during mid-day trading on Tuesday, reaching $228.24. 2,118,960 shares of the company's stock traded hands, compared to its average volume of 1,309,253. The company's 50-day moving average price is $255.26 and its 200-day moving average price is $235.08. The company has a market cap of $48.82 billion, a P/E ratio of 54.54, a P/E/G ratio of 3.26 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Autodesk's quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

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.