Impax Asset Management Group plc Has $252.02 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Impax Asset Management Group plc decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,035,080 shares of the software company's stock after selling 58,787 shares during the period. Impax Asset Management Group plc owned 0.48% of Autodesk worth $252,021,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company's stock worth $1,959,000 after buying an additional 4,381 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Autodesk in the third quarter valued at approximately $330,000. International Assets Investment Management LLC increased its holdings in shares of Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company's stock valued at $55,370,000 after purchasing an additional 221,161 shares during the period. Carnegie Capital Asset Management LLC increased its holdings in shares of Autodesk by 60.5% in the third quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company's stock valued at $4,092,000 after purchasing an additional 7,451 shares during the period. Finally, Columbia Trust Co 01012016 increased its holdings in shares of Autodesk by 13.1% in the fourth quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company's stock valued at $1,060,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Up 0.8 %

Autodesk stock traded up $2.04 during trading on Tuesday, hitting $247.93. The company's stock had a trading volume of 840,675 shares, compared to its average volume of 1,294,182. The stock has a market capitalization of $53.03 billion, a price-to-earnings ratio of 58.89, a P/E/G ratio of 3.36 and a beta of 1.43. The stock's fifty day moving average is $256.69 and its 200 day moving average is $234.17. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Activity

In other news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company's stock, valued at $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares of the company's stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,770 shares of company stock worth $12,065,385. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. KeyCorp boosted their target price on Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, April 1st. Oppenheimer boosted their target price on Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. TheStreet upgraded Autodesk from a "c+" rating to a "b-" rating in a research report on Friday, December 29th. Finally, Piper Sandler boosted their target price on Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $272.44.

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.