Bank Julius Baer & Co. Ltd Zurich Acquires New Position in Autodesk, Inc. (NASDAQ:ADSK)

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 485,032 shares of the software company’s stock, valued at approximately $154,408,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Addison Advisors LLC grew its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the 4th quarter valued at about $37,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ ADSK opened at $259.75 on Friday. The firm’s 50 day moving average is $293.21 and its 200-day moving average is $287.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $55.85 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADSK shares. KeyCorp lifted their price objective 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. Barclays increased their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Morgan Stanley boosted their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Finally, Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $338.43.

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.