485,032 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 485,032 shares of the software company’s stock, valued at approximately $154,408,000. Bank Julius Baer & Co. Ltd Zurich owned 0.23% of Autodesk at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in Autodesk by 23.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock worth $295,000 after buying an additional 201 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Autodesk by 8.1% in the third quarter. Concurrent Investment Advisors LLC now owns 2,578 shares of the software company’s stock worth $710,000 after acquiring an additional 194 shares during the last quarter. Graypoint LLC increased its position in Autodesk by 12.8% during the third quarter. Graypoint LLC now owns 3,818 shares of the software company’s stock worth $1,052,000 after acquiring an additional 432 shares during the period. Principal Financial Group Inc. grew its position in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its position in Autodesk by 7.2% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 4,176 shares of the software company’s stock worth $1,150,000 after purchasing an additional 279 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Macquarie reissued an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Stock Down 0.2 %

Shares of ADSK opened at $259.75 on Friday. The business’s fifty day moving average price is $293.21 and its two-hundred day moving average price is $287.43. The firm has a market capitalization of $55.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week 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.

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.