Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 83.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,450 shares of the software company's stock after selling 104,450 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Autodesk were worth $5,909,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ninety One UK Ltd raised its stake in Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares during the period. Van ECK Associates Corp raised its position in shares of Autodesk by 100.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock valued at $406,554,000 after buying an additional 825,165 shares during the period. Point72 Asset Management L.P. lifted its holdings in Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock valued at $208,610,000 after acquiring an additional 662,339 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock valued at $1,564,170,000 after acquiring an additional 566,826 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock worth $156,296,000 after acquiring an additional 452,728 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of the 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 sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock worth $549,333 in the last ninety days. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 0.8 %

NASDAQ ADSK traded up $2.31 during trading on Tuesday, reaching $298.96. 1,943,365 shares of the company's stock were exchanged, compared to its average volume of 1,662,884. The company has a 50 day moving average price of $291.08 and a two-hundred day moving average price of $259.23. The stock has a market cap of $64.28 billion, a P/E ratio of 59.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.56 billion. During the same period in the prior year, the company posted $1.33 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research note on Friday. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Autodesk from $320.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Oppenheimer upped their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, Mizuho lifted their target price on shares of Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

About Autodesk

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.