OMERS ADMINISTRATION Corp Has $4.06 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC lifted its stake in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ADSK. Wells Fargo & Company lowered their price target on shares of Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus decreased their price objective on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley lowered their price objective on Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Trading Up 1.3%

ADSK opened at $297.01 on Wednesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a fifty day moving average of $265.01 and a 200-day moving average of $286.25. The stock has a market cap of $63.54 billion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on 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 owns 3,003 shares of the company’s stock, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. 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.