Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,660 shares of the software company’s stock after purchasing an additional 4,690 shares during the period. Cibc World Markets Corp’s holdings in Autodesk were worth $11,427,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC increased its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC boosted its holdings in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Autodesk during the fourth quarter worth approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the fourth quarter worth approximately $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 2.4 %

ADSK opened at $260.62 on Tuesday. The firm’s fifty day moving average is $288.10 and its two-hundred day moving average is $287.82. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $55.51 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADSK shares. Stifel Nicolaus lowered their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Finally, Scotiabank decreased their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

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.