Fiera Capital Corp Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Fiera Capital Corp lifted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 229,425 shares of the software company's stock after buying an additional 23,578 shares during the quarter. Fiera Capital Corp owned approximately 0.11% of Autodesk worth $55,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Autodesk by 0.4% during the third quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company's stock worth $3,875,134,000 after purchasing an additional 69,039 shares during the period. Clearbridge Investments LLC lifted its holdings in Autodesk by 1.2% during the 3rd quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company's stock worth $624,471,000 after buying an additional 35,105 shares in the last quarter. Northern Trust Corp boosted its position in Autodesk by 1.7% in the 3rd quarter. Northern Trust Corp now owns 2,548,156 shares of the software company's stock valued at $527,239,000 after buying an additional 43,293 shares during the period. Morgan Stanley grew its stake in shares of Autodesk by 4.5% in the third quarter. Morgan Stanley now owns 2,378,796 shares of the software company's stock worth $492,197,000 after acquiring an additional 102,035 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Autodesk by 14.2% during the third quarter. Ameriprise Financial Inc. now owns 2,364,179 shares of the software company's stock worth $489,178,000 after acquiring an additional 293,464 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

ADSK traded up $0.19 during trading on Thursday, hitting $220.43. 1,405,355 shares of the stock were exchanged, compared to its average volume of 1,466,976. The firm has a market capitalization of $47.50 billion, a P/E ratio of 52.36, a PEG ratio of 2.98 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The stock has a fifty day moving average price of $236.90 and a two-hundred day moving average price of $236.34. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on ADSK. Stifel Nicolaus reissued a "buy" rating and set a $316.00 target price on shares of Autodesk in a research note on Friday, April 12th. Mizuho upped their target price on shares of Autodesk from $220.00 to $270.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. KeyCorp raised their target price on shares of Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Berenberg Bank cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $295.00 price target for the company. in a report on Wednesday, May 1st. Finally, Citigroup raised their price objective on shares of Autodesk from $276.00 to $307.00 and gave the company a "buy" rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $274.67.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares of the company's stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the transaction, the director now owns 33,766 shares in the company, valued at approximately $9,285,650. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold 35,616 shares of company stock worth $9,319,448 in the last quarter. Company insiders own 0.14% of the company's stock.

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.

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