Bank of Montreal Can Has $147.82 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Bank of Montreal Can reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,105 shares of the software company's stock after selling 413,411 shares during the period. Bank of Montreal Can owned about 0.23% of Autodesk worth $147,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC lifted its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock traded up $1.53 during midday trading on Friday, hitting $258.45. 1,274,634 shares of the company were exchanged, compared to its average volume of 1,696,441. The firm has a 50 day simple moving average of $272.44 and a 200-day simple moving average of $287.38. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a market cap of $55.05 billion, a P/E ratio of 51.28, a PEG ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADSK. Bank of America lifted their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Macquarie reiterated an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays reduced their price target on Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday. Finally, DA Davidson increased their price objective on Autodesk from $275.00 to $285.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $327.82.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents 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 corporate insiders.

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.