Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.3% during the fourth quarter, Holdings Channel reports. The firm owned 481 shares of the software company’s stock after selling 80 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Autodesk were worth $117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bouvel Investment Partners LLC lifted its holdings in Autodesk by 0.4% in the 4th 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 last quarter. Venturi Wealth Management LLC grew its holdings in Autodesk by 3.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in Autodesk by 0.5% during the fourth quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock valued at $2,376,000 after purchasing an additional 50 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Autodesk by 8.7% during the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock valued at $136,000 after purchasing an additional 51 shares during the last quarter. Finally, Trust Co. of Oklahoma grew its stake in shares of Autodesk by 1.6% in the third quarter. Trust Co. of Oklahoma now owns 3,358 shares of the software company’s stock worth $695,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ADSK. Piper Sandler Companies raised their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised their target price on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Piper Sandler lifted their price objective on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Citigroup lifted their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the transaction, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the transaction, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the transaction, the director now owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,666 shares of company stock valued at $10,090,055. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 2.8 %

NASDAQ ADSK opened at $216.50 on Friday. The business has a 50 day simple moving average of $251.86 and a 200 day simple moving average of $234.97. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The stock has a market capitalization of $46.31 billion, a P/E ratio of 51.43, a P/E/G ratio of 2.95 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Autodesk Company 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.