Swiss National Bank Has $176.23 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Swiss National Bank grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,700 shares of the software company’s stock after purchasing an additional 6,400 shares during the period. Swiss National Bank’s holdings in Autodesk were worth $176,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Thrivent Financial for Lutherans boosted its position in Autodesk by 101.6% in the third quarter. Thrivent Financial for Lutherans now owns 180,394 shares of the software company’s stock valued at $49,696,000 after buying an additional 90,913 shares in the last quarter. Claro Advisors LLC acquired a new position in Autodesk in the third quarter valued at about $387,000. Atlanta Consulting Group Advisors LLC acquired a new position in Autodesk in the third quarter valued at about $886,000. KPP Advisory Services LLC acquired a new position in Autodesk in the third quarter valued at about $209,000. Finally, Natixis Advisors LLC boosted its position in Autodesk by 1.9% in the third quarter. Natixis Advisors LLC now owns 512,186 shares of the software company’s stock valued at $141,097,000 after buying an additional 9,305 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $299.15 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $281.32 and its two-hundred day moving average price is $251.79. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73. The firm has a market capitalization of $64.32 billion, a P/E ratio of 61.18, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a research note on Monday, August 26th. Piper Sandler boosted their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and boosted their target price for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $296.20.

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.