OMERS ADMINISTRATION Corp Sells 1,773 Shares of Autodesk, Inc. (NASDAQ:ADSK)

OMERS ADMINISTRATION Corp trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,750 shares of the software company's stock after selling 1,773 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Autodesk were worth $4,064,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ADSK. China Universal Asset Management Co. Ltd. raised its stake in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Brookstone Capital Management boosted its holdings in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Autodesk during the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after acquiring an additional 60,963 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Autodesk in the 4th quarter worth approximately $3,453,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ADSK. Robert W. Baird raised their price target on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. DA Davidson reduced their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Macquarie restated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.32.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Performance

Shares of Autodesk stock traded up $2.30 during trading hours on Friday, hitting $298.08. 1,901,492 shares of the company's stock traded hands, compared to its average volume of 1,622,687. The company has a fifty day simple moving average of $267.62 and a 200-day simple moving average of $286.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $63.77 billion, a price-to-earnings ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47.

Autodesk Company 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.