CIBC Asset Management Inc Has $18.41 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

CIBC Asset Management Inc lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,819 shares of the software company’s stock after buying an additional 3,843 shares during the period. CIBC Asset Management Inc’s holdings in Autodesk were worth $18,407,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ADSK. Price T Rowe Associates Inc. MD boosted its position in shares of Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd raised its stake in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after buying an additional 1,108,973 shares during the period. Van ECK Associates Corp boosted its holdings in Autodesk by 100.9% in the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after acquiring an additional 825,165 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after acquiring an additional 662,339 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Autodesk by 58,375.5% during the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after acquiring an additional 566,826 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by company insiders.

Autodesk Stock Down 2.4 %

ADSK opened at $299.15 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $315.73. The company’s 50-day moving average price is $280.34 and its two-hundred day moving average price is $250.66. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 4.00 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research reports. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday. Oppenheimer upped their target price on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. KeyCorp reiterated an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Berenberg Bank increased their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.20.

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.