Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 28.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 205,834 shares of the software company's stock after purchasing an additional 45,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Autodesk worth $50,116,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of Autodesk by 351.2% in the first quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company's stock worth $775,000 after acquiring an additional 2,820 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Autodesk by 71.7% in the first quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company's stock worth $960,000 after acquiring an additional 1,871 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company's stock worth $1,006,000 after purchasing an additional 164 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Autodesk during the 1st quarter worth $218,000. Finally, Dakota Wealth Management lifted its position in shares of Autodesk by 18.0% during the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company's stock worth $411,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

ADSK traded down $13.32 on Wednesday, hitting $214.92. 6,357,085 shares of the company were exchanged, compared to its average volume of 1,377,575. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The business's fifty day moving average is $253.88 and its 200 day moving average is $235.09. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The firm has a market capitalization of $45.97 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 3.16 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Autodesk from $220.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Citigroup boosted their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a "buy" rating in a research report on Monday, February 26th. KeyCorp boosted their price target on shares of Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price target on shares of Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a research report on Friday, March 1st. Finally, Rosenblatt Securities lifted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $272.44.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company's stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Anagnost sold 21,053 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares of the company's stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deborah Clifford sold 5,553 shares of the company'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 transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Insiders have sold 46,220 shares of company stock valued at $11,933,231 over the last quarter. Corporate insiders own 0.14% of the company's stock.

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.