JARISLOWSKY FRASER Ltd Purchases Shares of 234,709 Autodesk, Inc. (NASDAQ:ADSK)

JARISLOWSKY FRASER Ltd purchased a new stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 234,709 shares of the software company’s stock, valued at approximately $57,146,000.

A number of other large investors have also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC grew its position in Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after acquiring an additional 42 shares during the period. Bouvel Investment Partners LLC grew its position in Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after acquiring an additional 44 shares during the period. Venturi Wealth Management LLC boosted its stake in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC boosted its stake in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its stake in Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.1 %

Shares of NASDAQ:ADSK traded down $0.27 during mid-day trading on Monday, reaching $214.89. 1,496,700 shares of the stock were exchanged, compared to its average volume of 1,458,863. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The company has a market cap of $46.30 billion, a P/E ratio of 51.04, a P/E/G ratio of 2.95 and a beta of 1.45. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The stock’s 50 day simple moving average is $231.60 and its 200-day simple moving average is $237.45.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $1.26 earnings per share. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Mizuho upped their price target on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Oppenheimer cut their price target on Autodesk from $315.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday. KeyCorp cut their target price on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Finally, Stifel Nicolaus cut their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $270.17.

Get Our Latest Stock Analysis on ADSK

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,616 shares of company stock valued at $9,319,448. Insiders own 0.14% of the company’s stock.

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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