Banque Cantonale Vaudoise Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

Banque Cantonale Vaudoise grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,099 shares of the software company’s stock after buying an additional 48 shares during the period. Banque Cantonale Vaudoise’s holdings in Autodesk were worth $5,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Autodesk during the first quarter valued at $25,000. LRI Investments LLC purchased a new position in Autodesk in the first quarter worth about $26,000. Olistico Wealth LLC bought a new position in shares of Autodesk in the second quarter worth approximately $26,000. Pacifica Partners Inc. grew its holdings in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in Autodesk in the 3rd quarter worth approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.0 %

ADSK opened at $302.05 on Tuesday. The stock has a market cap of $64.94 billion, a price-to-earnings ratio of 61.77, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $282.25 and its 200 day moving average is $252.44. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $315.73.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADSK shares. Stifel Nicolaus boosted their price target on Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Rosenblatt Securities raised their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, BMO Capital Markets boosted their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.19.

Insider Buying and Selling

In other news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by 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.