Mackenzie Financial Corp Sells 64,212 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mackenzie Financial Corp trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 42.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 87,238 shares of the software company’s stock after selling 64,212 shares during the period. Mackenzie Financial Corp’s holdings in Autodesk were worth $21,241,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Autodesk by 0.4% in the third quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company’s stock valued at $3,875,134,000 after acquiring an additional 69,039 shares in the last quarter. State Street Corp lifted its position in shares of Autodesk by 2.8% in the 1st quarter. State Street Corp now owns 8,623,556 shares of the software company’s stock worth $1,795,073,000 after purchasing an additional 235,484 shares during the period. Geode Capital Management LLC boosted its stake in shares of Autodesk by 1.7% during the first quarter. Geode Capital Management LLC now owns 3,993,264 shares of the software company’s stock valued at $829,485,000 after purchasing an additional 66,959 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Autodesk by 1.2% during the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock valued at $624,471,000 after buying an additional 35,105 shares during the period. Finally, Northern Trust Corp raised its stake in Autodesk by 1.7% in the first quarter. Northern Trust Corp now owns 2,835,207 shares of the software company’s stock worth $607,727,000 after buying an additional 47,952 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,666 shares of company stock valued at $10,090,055. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $210.63 on Friday. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a market cap of $45.05 billion, a P/E ratio of 50.03, a P/E/G ratio of 3.14 and a beta of 1.43. The business’s 50 day moving average price is $252.86 and its 200 day moving average price is $234.92.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Rosenblatt Securities raised their price target on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Barclays boosted their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets raised their target price on shares of Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $272.44.

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.