Mackenzie Financial Corp has significantly amplified its investment posture in Autodesk, Inc., a move that underscores the dynamic shifts occurring within institutional portfolios. This strategic increase, disclosed in its latest SEC filing, positions Mackenzie Financial as a keen observer and active participant in the software giant’s market trajectory. The broader landscape of institutional investment in Autodesk reveals a competitive and assertive environment, with major players adjusting their stakes in anticipation of future market movements.
Specifically, Mackenzie Financial Corp bolstered its ADSK stock holdings by a notable 13.1% during the first quarter. This increment translated to an acquisition of an additional 3,368 shares, bringing their total ownership to 29,143 shares. At the close of the most recent quarter, the value of Mackenzie Financial Corp’s Autodesk shares stood at an impressive $7,630,000, reflecting a substantial commitment to the software firm’s continued growth and value.
Beyond Mackenzie Financial, a myriad of other institutional investors have also recently engaged in significant buying and selling activities involving ADSK stock, indicating widespread interest and varying investment strategy approaches. This widespread activity paints a picture of intense institutional engagement, where portfolio adjustments are constantly underway in response to evolving market conditions and company performance indicators.
Prominent among these institutional investors was Farallon Capital Management LLC, which established a new position in Autodesk during the fourth quarter, valuing their entry at a substantial $544,381,000. Similarly, GAMMA Investing LLC exhibited an extraordinary increase in its Autodesk shares, expanding its stake by a staggering 27,505.2% in the first quarter, culminating in 1,470,531 shares worth $384,985,000. Janus Henderson Group PLC also showed robust confidence, growing its stake by 43.7% in the fourth quarter, holding 2,206,237 shares valued at $652,127,000.
Further reinforcing this trend, UBS AM, a distinct business unit of UBS Asset Management Americas LLC, enhanced its financial holdings in Autodesk by 28.0% during the fourth quarter, achieving ownership of 3,053,750 shares valued at $902,597,000. Universal Beteiligungs und Servicegesellschaft mbH also made a significant entry, purchasing a new position in the fourth quarter valued at $148,299,000. Collectively, these actions underscore the significant confidence placed in Autodesk by sophisticated investors, with a remarkable 90.24% of the stock owned by hedge funds and other institutional entities.
The stock market analysis for Autodesk has also seen considerable input from various brokerage firms, influencing its perceived value and future prospects. Robert W. Baird, for instance, raised its price objective to $335.00 with an “outperform” rating, while Bank of America adjusted its target to $330.00 with a “neutral” stance. JPMorgan Chase & Co. modestly decreased its price objective to $280.00, maintaining a “neutral” rating, whereas The Goldman Sachs Group lifted its target to $300.00, also with a “neutral” outlook.
In a more bullish move, Berenberg Bank upgraded Autodesk from a “hold” to a “buy” rating, significantly boosting its price target to $365.00. Overall, consensus among seven equities research analysts indicates a “hold” rating, sixteen suggest a “buy” rating, and one has issued a “strong buy,” contributing to an average rating of “Moderate Buy” and an average price target of $342.61, according to MarketBeat data. This diverse range of expert opinions offers a nuanced view of Autodesk’s market performance.
Insider activities also offer insights into the company’s internal dynamics. Notably, an Executive Vice President recently sold 3,251 shares of the business’s stock for $1,024,065.00 in early July, reflecting a 14.33% reduction in their position. This transaction, publicly disclosed via SEC filings, brought the executive’s remaining ownership to 19,440 shares, valued at approximately $6,123,600. Over the last three months, insider sales collectively amounted to 9,391 shares worth $2,909,885, with insiders collectively owning 0.15% of the company’s total stock.
Autodesk’s financial disclosures also reveal key operational metrics: a quick ratio and current ratio both at 0.65, and a debt-to-equity ratio of 0.76. The company commands a substantial market capitalization of $64.87 billion, trading at a PE ratio of 64.91, with a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. Its stock has maintained a 50-day moving average price of $300.14 and a 200-day moving average price of $286.25, reflecting recent stability. Autodesk’s 52-week price range spans from a low of $223.03 to a high of $326.62, showcasing its volatility and growth potential within the market.
