8,300 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,300 shares of the software company’s stock, valued at approximately $2,453,000.

A number of other large investors have also recently bought and sold shares of ADSK. Global Retirement Partners LLC boosted its stake in shares of Autodesk by 1.7% in the 4th quarter. Global Retirement Partners LLC now owns 6,083 shares of the software company’s stock valued at $1,798,000 after purchasing an additional 103 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in shares of Autodesk by 3.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 1,435 shares of the software company’s stock worth $424,000 after purchasing an additional 46 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Autodesk during the 4th quarter valued at about $51,000. New York State Common Retirement Fund boosted its position in Autodesk by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 314,207 shares of the software company’s stock valued at $92,870,000 after buying an additional 1,454 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in Autodesk by 25.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,989 shares of the software company’s stock worth $2,361,000 after buying an additional 1,610 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADSK. Robert W. Baird lifted their target price on shares of Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays boosted their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. BMO Capital Markets upped their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Price Performance

Shares of ADSK stock opened at $291.02 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a fifty day moving average of $298.62 and a 200-day moving average of $284.86. The firm has a market capitalization of $62.57 billion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 3.05 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk 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.