Leith Wheeler Investment Counsel Ltd. Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

Key Points

• Leith Wheeler Investment Counsel Ltd. acquired 107,309 shares of Autodesk, Inc., valued at approximately $28,093,000, increasing its stake to 2.0% of its holdings.
• Autodesk currently has a market cap of $60.57 billion and a price-to-earnings ratio of 60.61, with shares trading between a twelve-month low of $232.67 and a high of $326.62.
• Equity analysts generally view Autodesk positively, with a consensus rating of "Moderate Buy" and a target price average of $342.61 according to recent upgrades.

Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 107,309 shares of the software company's stock, valued at approximately $28,093,000. Autodesk comprises about 2.0% of Leith Wheeler Investment Counsel Ltd.'s investment portfolio, making the stock its 17th biggest position. Leith Wheeler Investment Counsel Ltd. owned about 0.05% of Autodesk at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Farallon Capital Management LLC bought a new position in shares of Autodesk during the 4th quarter worth approximately $544,381,000. GAMMA Investing LLC boosted its stake in shares of Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares during the period. Nuveen LLC bought a new position in shares of Autodesk during the 1st quarter worth approximately $278,383,000. Janus Henderson Group PLC boosted its stake in shares of Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after acquiring an additional 670,699 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after acquiring an additional 667,763 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock traded up $2.98 during trading on Friday, reaching $286.73. 1,149,378 shares of the company's stock were exchanged, compared to its average volume of 1,432,251. 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 1-year low of $232.67 and a 1-year high of $326.62. The company has a market cap of $61.36 billion, a P/E ratio of 61.40, a PEG ratio of 2.73 and a beta of 1.46. The firm's 50-day moving average price is $299.18 and its 200 day moving average price is $286.08.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. The trade was a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on ADSK shares. Macquarie reiterated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, July 11th. Wells Fargo & Company reiterated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Loop Capital began coverage on Autodesk in a research note on Monday, July 21st. They set a "hold" rating and a $320.00 target price for the company. The Goldman Sachs Group boosted their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, DA Davidson upgraded Autodesk to a "strong-buy" rating in a research note on Tuesday, July 22nd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $342.61.

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.