Mackenzie Financial Corp Acquires 5,264 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mackenzie Financial Corp increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,775 shares of the software company's stock after acquiring an additional 5,264 shares during the quarter. Mackenzie Financial Corp's holdings in Autodesk were worth $7,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADSK. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new position in shares of Autodesk during the fourth quarter valued at about $632,566,000. Farallon Capital Management LLC acquired a new position in Autodesk in the 4th quarter worth approximately $544,381,000. Janus Henderson Group PLC increased its holdings in Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after buying an additional 670,699 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Autodesk by 28.0% in 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 buying an additional 667,763 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ADSK shares. DA Davidson set a $305.00 target price on Autodesk and gave the company a "neutral" rating in a research report on Friday, May 23rd. Stifel Nicolaus raised their price objective on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Macquarie reiterated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, UBS Group lifted their price target on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Autodesk Price Performance

Shares of ADSK stock traded down $1.37 during mid-day trading on Friday, reaching $295.63. The stock had a trading volume of 4,533,884 shares, compared to its average volume of 1,634,630. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $63.25 billion, a P/E ratio of 58.66, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The business has a 50-day simple moving average of $274.48 and a 200 day simple moving average of $286.35. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

About Autodesk

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.