Union Bancaire Privee UBP SA Buys Shares of 48,143 Autodesk, Inc. (NASDAQ:ADSK)

Union Bancaire Privee UBP SA purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 48,143 shares of the software company’s stock, valued at approximately $13,906,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jag Capital Management LLC bought a new position in shares of Autodesk in the 3rd quarter worth $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk in the 3rd quarter valued at about $12,643,000. Starboard Value LP acquired a new position in Autodesk during the third quarter valued at approximately $510,189,000. Erste Asset Management GmbH acquired a new stake in Autodesk in the third quarter worth $20,087,000. Finally, Brookstone Capital Management grew its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

Autodesk stock opened at $300.83 on Monday. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 3.55 and a beta of 1.42. The stock’s 50 day moving average is $299.42 and its 200-day moving average is $277.40. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADSK. Morgan Stanley increased their price target on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Scotiabank assumed coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.05.

About Autodesk

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.