Bank of Montreal Can Has $147.82 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Bank of Montreal Can lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 45.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 500,105 shares of the software company’s stock after selling 413,411 shares during the quarter. Bank of Montreal Can’s holdings in Autodesk were worth $147,816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Vanguard Group Inc. raised its stake in shares of Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC raised its position in Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after buying an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Finally, Norges Bank purchased a new position in Autodesk during the 4th quarter worth $632,566,000. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

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 sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.8 %

Autodesk stock opened at $243.62 on Tuesday. The firm has a 50 day simple moving average of $279.01 and a 200 day simple moving average of $288.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a market capitalization of $51.89 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 2.94 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays upped their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.