Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Slow Capital Inc.

Slow Capital Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,418 shares of the software company’s stock after buying an additional 141 shares during the quarter. Slow Capital Inc.’s holdings in Autodesk were worth $3,510,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bouvel Investment Partners LLC boosted its stake in shares of Autodesk by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after acquiring an additional 44 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Autodesk by 3.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after buying an additional 45 shares in the last quarter. Goodman Advisory Group LLC lifted its stake in shares of Autodesk by 0.4% during the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after buying an additional 49 shares during the period. Curbstone Financial Management Corp boosted its position in Autodesk by 0.5% during the fourth quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock worth $2,376,000 after acquiring an additional 50 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its stake in Autodesk by 8.7% in the 1st quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock worth $136,000 after acquiring an additional 51 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Rosenblatt Securities increased their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and set a $316.00 target price on shares of Autodesk in a research report on Friday, April 12th. Piper Sandler lifted their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Piper Sandler Companies upped their price objective on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, KeyCorp increased their price target on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk Stock Down 4.9 %

Autodesk stock traded down $11.14 during midday trading on Wednesday, hitting $217.10. 3,870,488 shares of the company were exchanged, compared to its average volume of 1,340,693. The company has a market cap of $46.44 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 3.16 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The company’s fifty day moving average price is $254.75 and its 200-day moving average price is $235.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

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

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Stephen W. Hope sold 1,757 shares of the 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 directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders have sold 46,220 shares of company stock worth $11,933,231 in the last quarter. 0.14% of the stock is owned by corporate insiders.

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.