Bank of Montreal Can Buys 73,363 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Bank of Montreal Can increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 913,516 shares of the software company’s stock after acquiring an additional 73,363 shares during the quarter. Bank of Montreal Can owned about 0.42% of Autodesk worth $248,385,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ninety One UK Ltd grew its holdings in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after buying an additional 1,108,973 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 during the last quarter. Legal & General Group Plc grew its holdings in shares of Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock valued at $523,940,000 after purchasing an additional 81,314 shares in the last quarter. Van ECK Associates Corp increased its position in Autodesk by 4.5% in the third quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company’s stock worth $491,673,000 after purchasing an additional 74,394 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Autodesk by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,632,195 shares of the software company’s stock valued at $403,887,000 after purchasing an additional 6,362 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer lifted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday. Berenberg Bank increased their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson assumed coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.43.

Autodesk Trading Down 0.6 %

NASDAQ:ADSK opened at $319.39 on Tuesday. The firm has a 50-day simple moving average of $287.47 and a 200-day simple moving average of $255.89. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $68.67 billion, a P/E ratio of 65.32, a P/E/G ratio of 4.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 50.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last three months. Corporate insiders own 0.14% of the company’s stock.

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.