Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,069 shares of the software company's stock after purchasing an additional 2,250 shares during the period. CIBC Asset Management Inc's holdings in Autodesk were worth $20,415,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Autodesk during the fourth quarter worth approximately $39,000. J.W. Cole Advisors Inc. lifted its stake in shares of Autodesk by 6.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,614 shares of the software company's stock worth $477,000 after purchasing an additional 93 shares during the period. Copperleaf Capital LLC lifted its stake in shares of Autodesk by 6.2% during the 4th quarter. Copperleaf Capital LLC now owns 3,574 shares of the software company's stock worth $1,056,000 after purchasing an additional 208 shares during the period. Allworth Financial LP boosted its holdings in shares of Autodesk by 10.3% during the fourth quarter. Allworth Financial LP now owns 918 shares of the software company's stock worth $277,000 after purchasing an additional 86 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at $2,973,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 2.1 %

NASDAQ:ADSK traded down $6.02 during trading hours on Friday, hitting $285.00. The stock had a trading volume of 1,670,110 shares, compared to its average volume of 1,382,891. The company has a market cap of $61.28 billion, a PE ratio of 56.55, a price-to-earnings-growth ratio of 3.08 and a beta of 1.43. The business has a 50 day simple moving average of $298.25 and a two-hundred day simple moving average of $285.27. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. 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 (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $1.33 EPS. The business's revenue was up 11.0% on a year-over-year basis. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADSK shares. Rosenblatt Securities increased their target price on Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. BMO Capital Markets boosted their target price on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. KeyCorp increased their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Finally, Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $334.45.

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.