Man Group plc Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Man Group plc reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 550,222 shares of the software company's stock after selling 141,064 shares during the quarter. Autodesk comprises approximately 0.4% of Man Group plc's holdings, making the stock its 24th largest holding. Man Group plc owned 0.26% of Autodesk worth $162,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its position in shares of Autodesk by 4.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 99,678 shares of the software company's stock valued at $29,663,000 after acquiring an additional 4,294 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Autodesk by 5.7% during the 4th quarter. Nomura Holdings Inc. now owns 20,200 shares of the software company's stock valued at $5,971,000 after buying an additional 1,098 shares during the period. NorthRock Partners LLC purchased a new stake in Autodesk during the 4th quarter valued at $804,000. Lazard Asset Management LLC raised its holdings in Autodesk by 6.0% during the 4th quarter. Lazard Asset Management LLC now owns 590,571 shares of the software company's stock valued at $174,553,000 after buying an additional 33,342 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in Autodesk by 1.7% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 5,837 shares of the software company's stock valued at $1,725,000 after buying an additional 96 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was 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 $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Up 0.8%

Shares of ADSK traded up $2.30 during midday trading on Friday, reaching $298.08. 1,901,492 shares of the stock were exchanged, compared to its average volume of 1,622,687. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $267.62 and its two-hundred day moving average is $286.44. The company has a market capitalization of $63.77 billion, a P/E ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADSK. Citigroup decreased their price target on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Macquarie restated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Rosenblatt Securities restated a "buy" rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.32.

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.