Autodesk, Inc. (NASDAQ:ADSK) Position Reduced by Aristotle Capital Management LLC

Aristotle Capital Management LLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,632 shares of the software company's stock after selling 5,443 shares during the quarter. Aristotle Capital Management LLC's holdings in Autodesk were worth $4,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk during the fourth quarter worth about $30,000. Addison Advisors LLC grew 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 acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk during the fourth quarter valued at approximately $37,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

ADSK traded down $0.97 during trading on Tuesday, reaching $279.10. The company's stock had a trading volume of 678,068 shares, compared to its average volume of 1,624,634. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. 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 company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company's fifty day moving average price is $262.89 and its 200-day moving average price is $286.20.

Analyst Ratings Changes

Several analysts have recently issued reports on ADSK shares. Wells Fargo & Company dropped their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson cut their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Mizuho cut their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

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.