Robeco Schweiz AG Has $176.13 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Robeco Schweiz AG cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 595,894 shares of the software company’s stock after selling 77,536 shares during the period. Autodesk accounts for 3.8% of Robeco Schweiz AG’s investment portfolio, making the stock its biggest position. Robeco Schweiz AG owned approximately 0.28% of Autodesk worth $176,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. National Pension Service boosted its holdings in Autodesk by 4.8% in the 4th quarter. National Pension Service now owns 659,326 shares of the software company’s stock valued at $194,877,000 after purchasing an additional 29,924 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Autodesk by 11.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,081 shares of the software company’s stock valued at $615,000 after purchasing an additional 213 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Autodesk by 55.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,693 shares of the software company’s stock valued at $9,072,000 after purchasing an additional 11,005 shares during the period. Exchange Capital Management Inc. boosted its holdings in Autodesk by 3.4% in the 4th quarter. Exchange Capital Management Inc. now owns 2,062 shares of the software company’s stock valued at $609,000 after purchasing an additional 67 shares during the period. Finally, Addison Advisors LLC boosted its holdings in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Barclays raised their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp raised their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Friday, November 29th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Price Performance

ADSK stock opened at $285.67 on Thursday. The firm’s 50-day moving average price is $297.33 and its two-hundred day moving average price is $286.62. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $61.42 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 2.94 and a beta of 1.43. 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 (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.