Itau Unibanco Holding S.A. Increases Stock Holdings in Autodesk, Inc. $ADSK

Itau Unibanco Holding S.A. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 70.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 352 shares of the software company’s stock after purchasing an additional 145 shares during the period. Itau Unibanco Holding S.A.’s holdings in Autodesk were worth $92,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Brighton Jones LLC grew its stake in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the period. Quarry LP grew its stake in shares of Autodesk by 106.3% during the 4th quarter. Quarry LP now owns 229 shares of the software company’s stock valued at $68,000 after acquiring an additional 118 shares during the period. AQR Capital Management LLC grew its stake in shares of Autodesk by 40.7% during the 4th quarter. AQR Capital Management LLC now owns 131,130 shares of the software company’s stock valued at $38,758,000 after acquiring an additional 37,942 shares during the period. Utah Retirement Systems grew its stake in shares of Autodesk by 0.3% during the 4th quarter. Utah Retirement Systems now owns 35,716 shares of the software company’s stock valued at $10,557,000 after acquiring an additional 100 shares during the period. Finally, Becker Capital Management Inc. bought a new position in shares of Autodesk during the 4th quarter valued at approximately $206,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.9%

Shares of ADSK stock opened at $288.49 on Friday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $297.30 and its 200-day moving average price is $284.69. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 61.78, a price-to-earnings-growth ratio of 2.75 and a beta of 1.46.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the transaction, the executive vice president owned 19,440 shares of the company’s stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Robert W. Baird upped their price objective on Autodesk from $335.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. DA Davidson raised Autodesk to a “strong-buy” rating in a research note on Tuesday, July 22nd. Finally, Citigroup upped their price objective on Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $343.04.

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.