JARISLOWSKY FRASER Ltd Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

JARISLOWSKY FRASER Ltd grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 414,120 shares of the software company's stock after acquiring an additional 2,538 shares during the quarter. JARISLOWSKY FRASER Ltd owned 0.19% of Autodesk worth $122,401,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC boosted its holdings in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Autodesk in the fourth quarter valued at approximately $30,000. Addison Advisors LLC boosted its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was 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 insiders.

Autodesk Stock Down 0.1%

NASDAQ ADSK traded down $0.29 on Wednesday, reaching $296.73. The company had a trading volume of 143,090 shares, compared to its average volume of 1,614,864. The stock has a market capitalization of $63.48 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.94 and a beta of 1.47. The company's fifty day moving average is $265.01 and its 200 day moving average is $286.25. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

Several analysts recently commented on ADSK shares. UBS Group upped their target price on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Robert W. Baird reduced their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. DA Davidson reduced their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. KeyCorp reduced their target price on Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $321.36.

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.