Autodesk, Inc. $ADSK Stock Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,040 shares of the software company’s stock after selling 1,020 shares during the period. Vontobel Holding Ltd.’s holdings in Autodesk were worth $59,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Nuveen LLC bought a new position in Autodesk in the 1st quarter valued at about $278,383,000. T. Rowe Price Investment Management Inc. grew its position in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after buying an additional 1,016,187 shares in the last quarter. AQR Capital Management LLC grew its position in Autodesk by 336.7% in the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after buying an additional 441,571 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after buying an additional 400,514 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after buying an additional 397,458 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $311.41 on Thursday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a 50-day moving average of $307.96 and a two-hundred day moving average of $293.70. The stock has a market cap of $66.33 billion, a price-to-earnings ratio of 64.47, a PEG ratio of 2.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird upped their price target on shares of Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus upped their price target on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Oppenheimer upped their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, HSBC set a $343.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $359.13.

Insider Activity at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last ninety days. 0.15% of the stock is owned by company insiders.

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.