CIBC Asset Management Inc Has $18.41 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

CIBC Asset Management Inc raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,819 shares of the software company's stock after buying an additional 3,843 shares during the period. CIBC Asset Management Inc's holdings in Autodesk were worth $18,407,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company's stock worth $5,052,732,000 after acquiring an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock worth $1,639,279,000 after acquiring an additional 4,563,668 shares during the period. Ninety One UK Ltd boosted its holdings 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 buying an additional 1,108,973 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock valued at $523,940,000 after buying an additional 81,314 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research reports. Piper Sandler lifted their price objective on Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. DA Davidson assumed coverage on shares of Autodesk in a report on Friday, September 27th. They set a "neutral" rating and a $260.00 price objective on the stock. Morgan Stanley restated an "overweight" rating and set a $320.00 price target on shares of Autodesk in a research note on Monday, September 30th. Stifel Nicolaus boosted their price objective on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday. Finally, BMO Capital Markets boosted their price target on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.20.

Autodesk Stock Performance

NASDAQ ADSK traded down $7.50 during trading hours on Friday, hitting $299.15. The company had a trading volume of 2,300,222 shares, compared to its average volume of 1,579,473. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $281.32 and a 200-day simple moving average of $251.23. The firm has a market cap of $64.32 billion, a P/E ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $315.73.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. Equities analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares of the company's stock, valued at $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by corporate insiders.

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.