Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,208 shares of the software company's stock after buying an additional 9,651 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Autodesk worth $56,190,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC lifted its holdings in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ADSK shares. Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Bank of America lifted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. KeyCorp reduced their target price on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk Stock Performance

Shares of Autodesk stock traded up $3.06 on Wednesday, hitting $264.20. The stock had a trading volume of 350,874 shares, compared to its average volume of 1,641,974. The company's 50 day moving average price is $266.34 and its 200 day moving average price is $286.75. The stock has a market cap of $56.27 billion, a price-to-earnings ratio of 52.42, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

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.