Autodesk, Inc. (NASDAQ:ADSK) Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 423.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,545 shares of the software company’s stock after purchasing an additional 163,863 shares during the period. Vontobel Holding Ltd. owned 0.09% of Autodesk worth $59,866,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADSK. Starboard Value LP bought a new position in Autodesk in the third quarter worth about $510,189,000. International Assets Investment Management LLC raised its position in shares of Autodesk by 58,375.5% during the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after purchasing an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Franklin Resources Inc. boosted its position in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares during the period. Finally, State Street Corp grew its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADSK shares. KeyCorp boosted their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Rosenblatt Securities boosted their target price on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Macquarie assumed coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target on the stock. Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Stock Up 2.1 %

Autodesk stock opened at $303.48 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $65.25 billion, a PE ratio of 60.21, a P/E/G ratio of 3.17 and a beta of 1.43. The firm’s 50 day moving average price is $299.58 and its two-hundred day moving average price is $282.74.

Autodesk (NASDAQ:ADSK) last posted 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 business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.