UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $657.29 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

by · The Cerbat Gem

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,385,987 shares of the software company’s stock after purchasing an additional 61,785 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Autodesk were worth $657,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk in the first quarter worth $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk in the third quarter worth $27,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter worth $28,000. Finally, Concord Wealth Partners bought a new position in Autodesk during the third quarter worth $28,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 8.6 %

ADSK opened at $290.64 on Thursday. The firm’s 50-day simple moving average is $289.02 and its 200-day simple moving average is $256.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a market cap of $62.49 billion, a price-to-earnings ratio of 59.44, a PEG ratio of 4.08 and a beta of 1.47.

Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the company’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 transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This trade represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,232,213 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Autodesk from $325.00 to $358.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Berenberg Bank boosted their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada boosted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Stifel Nicolaus boosted their target price on shares of Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.38.

View Our Latest Analysis on ADSK

Autodesk Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).