Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 90.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,824 shares of the software company's stock after purchasing an additional 19,374 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Autodesk were worth $12,066,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC boosted its position in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk during the 4th quarter valued at about $30,000. Addison Advisors LLC increased its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the 4th quarter worth approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.7 %

Autodesk stock traded up $4.81 during mid-day trading on Wednesday, hitting $283.45. The company's stock had a trading volume of 1,271,170 shares, compared to its average volume of 1,623,226. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market cap of $60.37 billion, a PE ratio of 56.24, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a 50 day moving average of $262.82 and a 200-day moving average of $286.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Mizuho reduced their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Citigroup dropped their price target 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. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is 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.