Mackenzie Financial Corp Sells 22,489 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mackenzie Financial Corp lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 39.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,856 shares of the software company’s stock after selling 22,489 shares during the period. Mackenzie Financial Corp’s holdings in Autodesk were worth $8,625,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. purchased a new position in Autodesk during the fourth quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 1st quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the first quarter valued at approximately $26,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Autodesk during the second quarter valued at approximately $26,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. DA Davidson started coverage on shares of Autodesk in a research report on Friday. They set a “neutral” rating and a $260.00 target price for the company. Barclays lifted their price target on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $320.00 target price on shares of Autodesk in a research note on Monday. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares in the company, valued at $7,916,693.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at $8,610,750. The disclosure for this sale can be found here. Insiders have sold 38,973 shares of company stock valued at $10,106,590 over the last three months. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 1.3 %

ADSK opened at $275.48 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The firm has a market capitalization of $59.37 billion, a P/E ratio of 59.63, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. The company has a fifty day moving average price of $253.04 and a 200-day moving average price of $240.06.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal 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.