Bank of Montreal Can Acquires 249,240 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Bank of Montreal Can raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 42.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 840,153 shares of the software company’s stock after acquiring an additional 249,240 shares during the period. Bank of Montreal Can owned approximately 0.39% of Autodesk worth $208,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Gilbert & Cook Inc. raised its position in shares of Autodesk by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock valued at $481,000 after acquiring an additional 103 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $287,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after buying an additional 6,481 shares during the period. US Bancorp DE grew its holdings in shares of Autodesk by 2.3% in the 4th quarter. US Bancorp DE now owns 50,443 shares of the software company’s stock valued at $12,282,000 after buying an additional 1,117 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after buying an additional 8,456 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.4 %

Autodesk stock opened at $268.46 on Tuesday. The stock has a market cap of $57.86 billion, a P/E ratio of 58.11, a P/E/G ratio of 3.29 and a beta of 1.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company’s 50-day moving average price is $250.56 and its two-hundred day moving average price is $239.57.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays boosted their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. BMO Capital Markets upped their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Rosenblatt Securities upped their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Piper Sandler upped their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.17.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock valued at $10,046,302 in the last three months. 0.14% of the stock is currently owned by company insiders.

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.