iA Global Asset Management Inc. Raises Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

iA Global Asset Management Inc. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,173 shares of the software company's stock after buying an additional 1,205 shares during the period. iA Global Asset Management Inc.'s holdings in Autodesk were worth $6,849,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC grew its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Autodesk during the 4th quarter valued at approximately $37,000. Finally, Sierra Ocean LLC purchased a new position in Autodesk in the 4th quarter worth approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 1.4 %

Shares of ADSK traded up $3.89 during mid-day trading on Tuesday, reaching $273.08. 1,068,308 shares of the company's stock traded hands, compared to its average volume of 1,592,683. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's 50-day moving average is $285.68 and its two-hundred day moving average is $288.17. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market cap of $58.17 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51.

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Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Scotiabank cut their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Macquarie reiterated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. KeyCorp increased their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Morgan Stanley lifted their target price on Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $336.29.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company 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.