National Bank of Canada FI Trims Position in Autodesk, Inc. (NASDAQ:ADSK)

National Bank of Canada FI trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,669 shares of the software company’s stock after selling 107,408 shares during the period. National Bank of Canada FI owned about 0.09% of Autodesk worth $59,312,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Autodesk by 12.6% in the third 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. Public Sector Pension Investment Board lifted its holdings in shares of Autodesk by 14.7% in the third quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock worth $2,586,000 after buying an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Autodesk by 7.9% during the third quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock worth $7,145,000 after acquiring an additional 1,891 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Autodesk during the third quarter valued at $371,000. Finally, Paloma Partners Management Co lifted its stake in Autodesk by 244.6% in the 3rd quarter. Paloma Partners Management Co now owns 5,500 shares of the software company’s stock worth $1,515,000 after purchasing an additional 3,904 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie reiterated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Barclays boosted their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, DA Davidson boosted their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

ADSK stock opened at $264.61 on Wednesday. The firm has a 50-day simple moving average of $282.77 and a two-hundred day simple moving average of $288.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $56.36 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 2.94 and a beta of 1.51.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk 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 transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.