Caisse DE Depot ET Placement DU Quebec Has $7.44 Million Holdings in Autodesk, Inc. $ADSK

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Autodesk, Inc. by 30.4%, owning 28,424 shares valued at approximately $7.44 million after selling 12,400 shares in Q1.
• Autodesk's stock has seen various hedge funds adjusting their positions, including T. Rowe Price which increased its holdings by 44.1% during the same period.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Autodesk, with a price target averaging around $343.04, reflecting positive outlooks from multiple research firms.

Caisse DE Depot ET Placement DU Quebec lessened its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 30.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,424 shares of the software company's stock after selling 12,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Autodesk were worth $7,441,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Freedom Investment Management Inc. raised its stake in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock valued at $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC raised its stake in shares of Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC raised its stake in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after purchasing an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. Finally, Sky Investment Group LLC raised its stake in shares of Autodesk by 0.5% in the 1st quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock valued at $2,183,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company's stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,679 shares of company stock valued at $5,916,595 over the last 90 days. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Performance

NASDAQ ADSK traded up $26.21 on Monday, hitting $314.70. The stock had a trading volume of 4,903,855 shares, compared to its average volume of 1,698,110. Autodesk, Inc. has a one year low of $232.67 and a one year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market cap of $67.35 billion, a price-to-earnings ratio of 65.16, a P/E/G ratio of 3.03 and a beta of 1.49. The company's 50-day moving average is $297.65 and its two-hundred day moving average is $284.58.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ADSK shares. The Goldman Sachs Group increased their price objective on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. DA Davidson reiterated a "buy" rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday. Oppenheimer increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday. Mizuho increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Autodesk in a research note on Sunday. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $355.43.

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.