iA Global Asset Management Inc. Sells 11,859 Shares of Autodesk, Inc. (NASDAQ:ADSK)

iA Global Asset Management Inc. cut its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,968 shares of the software company's stock after selling 11,859 shares during the quarter. iA Global Asset Management Inc.'s holdings in Autodesk were worth $6,052,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADSK. Livelsberger Financial Advisory acquired a new position in Autodesk during the 3rd quarter worth $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the 3rd quarter worth about $28,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the 3rd quarter worth about $28,000. Stephens Consulting LLC bought a new position in shares of Autodesk in the 2nd quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Autodesk by 94.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company's stock worth $34,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADSK. Robert W. Baird lifted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. UBS Group began coverage on shares of Autodesk in a research report on Monday, December 2nd. They issued a "buy" rating and a $350.00 price objective on the stock. Bank of America lifted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Royal Bank of Canada boosted their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $316.68.

Autodesk Trading Up 0.8 %

Shares of Autodesk stock traded up $2.54 during trading on Friday, hitting $307.71. The stock had a trading volume of 1,377,533 shares, compared to its average volume of 1,673,155. The stock has a 50 day simple moving average of $293.16 and a 200 day simple moving average of $261.03. The company has a market capitalization of $66.16 billion, a PE ratio of 61.05, a P/E/G ratio of 3.59 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related 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 transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,936 shares of company stock worth $549,333 over the last ninety days. 0.14% of the stock is currently owned by 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.