Banque Transatlantique SA decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 47.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,087 shares of the software company’s stock after selling 1,872 shares during the quarter. Banque Transatlantique SA’s holdings in Autodesk were worth $655,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Access Investment Management LLC acquired a new position in shares of Autodesk during the second quarter valued at $28,000. SouthState Corp increased its position in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Livelsberger Financial Advisory bought a new stake in Autodesk during the 2nd quarter worth about $31,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Finally, Hilltop National Bank acquired a new position in Autodesk during the 2nd quarter valued at about $31,000. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Stock Performance
ADSK stock opened at $297.64 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market cap of $63.10 billion, a PE ratio of 57.68, a P/E/G ratio of 2.44 and a beta of 1.47. The business’s 50-day moving average price is $302.70 and its two-hundred day moving average price is $303.46.
Insider Transactions at Autodesk
In other Autodesk news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director directly owned 3,476 shares in the company, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.15% of the company’s stock.
Wall Street Analysts Forecast Growth
ADSK has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Bank of America upped their target price on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, KeyCorp raised their price target on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $369.77.
Get Our Latest Research Report on Autodesk
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.
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