Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,960 shares of the software company's stock after selling 5,008 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Autodesk were worth $9,906,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Olistico Wealth LLC bought a new stake in Autodesk in the 2nd quarter worth about $26,000. Pacifica Partners Inc. boosted its holdings in shares of Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the third quarter worth approximately $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the third quarter worth about $28,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the third quarter worth about $28,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock worth $549,333 in the last three months. Corporate insiders own 0.14% of the company's stock.

Autodesk Trading Up 1.6 %

Shares of ADSK traded up $4.75 during midday trading on Monday, hitting $296.65. The stock had a trading volume of 2,072,915 shares, compared to its average volume of 1,595,610. The stock's 50 day moving average is $289.93 and its 200 day moving average is $258.15. The firm has a market cap of $63.78 billion, a PE ratio of 58.86, a price-to-earnings-growth ratio of 3.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.64. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $1.33 EPS. Autodesk's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Autodesk, Inc. will post 5.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADSK. Oppenheimer boosted their price target on Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Rosenblatt Securities boosted their target price on shares of Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. UBS Group began coverage on shares of Autodesk in a research note on Monday. They set a "buy" rating and a $350.00 target price for the company. Scotiabank assumed coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

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.