Zurcher Kantonalbank Zurich Cantonalbank Has $50.12 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,834 shares of the software company’s stock after purchasing an additional 45,485 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autodesk were worth $50,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc grew its holdings in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after purchasing an additional 57 shares during the period. First Manhattan Co. boosted its holdings in shares of Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after acquiring an additional 120 shares during the period. Carolinas Wealth Consulting LLC boosted its holdings in shares of Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after acquiring an additional 97 shares during the period. Operose Advisors LLC bought a new stake in shares of Autodesk during the third quarter worth approximately $35,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Autodesk during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. KeyCorp boosted their price objective on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Rosenblatt Securities boosted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Mizuho boosted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $272.44.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Stacy J. Smith sold 7,554 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the sale, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,220 shares of company stock valued at $11,933,231. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Down 4.9 %

ADSK opened at $216.97 on Wednesday. The company has a 50 day moving average of $254.75 and a 200 day moving average of $235.23. The company has a market cap of $46.41 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 3.16 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 5.38 EPS for the current year.

Autodesk Company 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.