National Bank of Canada FI Has $47.31 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

National Bank of Canada FI lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 70.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,081 shares of the software company’s stock after acquiring an additional 83,864 shares during the period. National Bank of Canada FI owned approximately 0.09% of Autodesk worth $47,309,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Bfsg LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new position in shares of Autodesk in the fourth quarter valued at $28,000. Operose Advisors LLC bought a new position in shares of Autodesk in the third quarter valued at $35,000. AdvisorNet Financial Inc grew its stake in shares of Autodesk by 67.1% in the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after buying an additional 57 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its position in Autodesk by 230.5% during the third quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock worth $40,000 after purchasing an additional 136 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities increased their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Piper Sandler Companies lifted their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Piper Sandler increased their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Stifel Nicolaus restated a “buy” rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Finally, StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $274.67.

Autodesk Stock Up 0.2 %

Shares of NASDAQ:ADSK traded up $0.43 during trading on Monday, reaching $215.62. 521,023 shares of the stock were exchanged, compared to its average volume of 1,459,239. The firm has a market cap of $46.46 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.45. The stock has a fifty day moving average of $243.24 and a two-hundred day moving average of $235.68. Autodesk, Inc. has a 1-year low of $189.54 and a 1-year high of $279.53. 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 released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the 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 transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock valued at $9,465,055 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Autodesk 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.