GAM Holding AG Buys Shares of 11,683 Autodesk, Inc. (NASDAQ:ADSK)

GAM Holding AG purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,683 shares of the software company’s stock, valued at approximately $3,453,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its holdings in Autodesk by 6.3% in the 3rd quarter. Creative Planning now owns 40,030 shares of the software company’s stock valued at $11,028,000 after buying an additional 2,371 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Autodesk by 3.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,512 shares of the software company’s stock valued at $967,000 after acquiring an additional 129 shares during the period. Blue Trust Inc. lifted its holdings in shares of Autodesk by 96.8% in the 3rd quarter. Blue Trust Inc. now owns 2,434 shares of the software company’s stock worth $671,000 after acquiring an additional 1,197 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $422,000. Finally, Raymond James & Associates raised its holdings in shares of Autodesk by 4.0% in the 3rd quarter. Raymond James & Associates now owns 338,831 shares of the software company’s stock valued at $93,341,000 after buying an additional 12,967 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 0.3 %

Shares of ADSK stock opened at $302.72 on Tuesday. The business’s fifty day moving average price is $299.44 and its 200 day moving average price is $283.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $65.08 billion, a PE ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Stifel Nicolaus boosted their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Scotiabank initiated coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price for the company. BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, KeyCorp increased their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $333.77.

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.