Mackenzie Financial Corp Has $21.24 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mackenzie Financial Corp reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 42.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,238 shares of the software company's stock after selling 64,212 shares during the quarter. Mackenzie Financial Corp's holdings in Autodesk were worth $21,241,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADSK. First Manhattan Co. raised its holdings in shares of Autodesk by 342.9% in the first quarter. First Manhattan Co. now owns 155 shares of the software company's stock worth $33,000 after acquiring an additional 120 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Autodesk in the third quarter valued at $35,000. AdvisorNet Financial Inc grew its position in shares of Autodesk by 67.1% in the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after purchasing an additional 57 shares during the period. Carolinas Wealth Consulting LLC grew its position in shares of Autodesk by 140.6% in the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company's stock valued at $35,000 after purchasing an additional 97 shares during the period. Finally, Worth Asset Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at $36,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Autodesk from $265.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price target on Autodesk from $232.00 to $293.00 and gave the stock a "market perform" rating in a research note on Friday, March 1st. TheStreet upgraded Autodesk from a "c+" rating to a "b-" rating in a research note on Friday, December 29th. Piper Sandler Companies upped their price objective on Autodesk from $234.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Finally, Citigroup upped their price objective on Autodesk from $276.00 to $307.00 and gave the company a "buy" rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $272.44.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares in the company, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company's stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,666 shares of company stock worth $10,090,055. Insiders own 0.14% of the company's stock.

Autodesk Stock Performance

ADSK stock traded up $5.87 on Friday, reaching $216.50. The company's stock had a trading volume of 3,157,479 shares, compared to its average volume of 1,443,435. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The company has a market capitalization of $46.31 billion, a P/E ratio of 51.43, a price-to-earnings-growth ratio of 2.95 and a beta of 1.43. The firm has a fifty day moving average of $252.86 and a two-hundred day moving average of $234.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The business 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 business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. As a group, analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

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.