Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 138.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,270 shares of the software company’s stock after acquiring an additional 59,979 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Autodesk were worth $30,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GKV Capital Management Co. Inc. purchased a new stake in Autodesk in the fourth quarter valued at approximately $60,000. Marshall Wace LLP lifted its stake in Autodesk by 16.1% during the 4th quarter. Marshall Wace LLP now owns 43,061 shares of the software company’s stock worth $12,728,000 after acquiring an additional 5,984 shares in the last quarter. NewEdge Advisors LLC grew its position in Autodesk by 1.9% in the 4th quarter. NewEdge Advisors LLC now owns 12,170 shares of the software company’s stock valued at $3,597,000 after acquiring an additional 229 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in Autodesk by 10.1% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,042 shares of the software company’s stock worth $308,000 after purchasing an additional 96 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Autodesk by 5.4% in the fourth quarter. Guggenheim Capital LLC now owns 115,791 shares of the software company’s stock valued at $34,224,000 after purchasing an additional 5,945 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADSK shares. Robert W. Baird reduced their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Oppenheimer reduced their price target on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Barclays lowered their price objective on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.59.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $259.47 on Friday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $55.27 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. The company has a 50-day simple moving average of $268.04 and a 200-day simple moving average of $286.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.