National Bank of Canada FI Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

National Bank of Canada FI raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 126.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 536,868 shares of the software company's stock after purchasing an additional 299,811 shares during the period. National Bank of Canada FI owned 0.25% of Autodesk worth $131,976,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new position in Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new stake in shares of Autodesk in the first quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the first quarter worth about $25,000. LRI Investments LLC acquired a new position in Autodesk during the first quarter worth about $26,000. Finally, Olistico Wealth LLC purchased a new stake in Autodesk during the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insiders Place Their Bets

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares of the company's stock, valued at approximately $4,616,730. The disclosure for this sale can be found here. Insiders have sold a total of 57,275 shares of company stock worth $14,220,661 in the last ninety days. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. Bank of America raised their target price on shares of Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Piper Sandler boosted their price objective on Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. BMO Capital Markets raised their target price on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research note on Friday, August 30th. Morgan Stanley boosted their price target on shares of Autodesk from $305.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Robert W. Baird cut their price objective on shares of Autodesk from $296.00 to $289.00 and set an "outperform" rating for the company in a research report on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $292.17.

Autodesk Trading Down 1.6 %

Shares of ADSK stock traded down $4.02 on Thursday, hitting $251.77. The stock had a trading volume of 2,386,215 shares, compared to its average volume of 1,662,923. The company's 50 day moving average price is $246.91 and its 200-day moving average price is $239.18. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $54.26 billion, a P/E ratio of 55.37, a P/E/G ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 64.61% and a net margin of 18.21%. Autodesk's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. Analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current year.

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.