Zurcher Kantonalbank Zurich Cantonalbank Has $63.91 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 216,241 shares of the software company’s stock after acquiring an additional 3,295 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autodesk were worth $63,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jag Capital Management LLC acquired a new stake in Autodesk in the 3rd quarter valued at approximately $13,861,000. LMR Partners LLP acquired a new stake in Autodesk in the 3rd quarter valued at approximately $12,643,000. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. grew its holdings in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group raised their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. BMO Capital Markets raised their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Macquarie reiterated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. KeyCorp raised their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, DA Davidson raised their price objective on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Stock Performance

ADSK opened at $259.75 on Monday. The stock has a market cap of $55.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business has a 50 day moving average of $293.21 and a 200-day moving average of $287.95.

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.