Crestline Management LP Has $17.16 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Crestline Management LP boosted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,072 shares of the software company's stock after acquiring an additional 6,816 shares during the period. Autodesk comprises approximately 0.6% of Crestline Management LP's holdings, making the stock its 28th biggest holding. Crestline Management LP's holdings in Autodesk were worth $17,164,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ADSK. Vanguard Group Inc. raised its stake in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the period. Geode Capital Management LLC lifted its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after purchasing an additional 45,623 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Northern Trust Corp raised its holdings in Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after buying an additional 420,838 shares during the period. Finally, Invesco Ltd. lifted its position in Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock valued at $704,419,000 after buying an additional 191,666 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $2.14 during trading on Friday, hitting $287.48. The company had a trading volume of 906,923 shares, compared to its average volume of 1,622,153. The company has a market cap of $61.23 billion, a P/E ratio of 57.04, a PEG ratio of 2.94 and a beta of 1.47. 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 business's 50-day moving average is $263.76 and its 200 day moving average is $286.12. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Insider Transactions at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase 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, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADSK. Scotiabank decreased their target price on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. DA Davidson cut their target price on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Oppenheimer reiterated an "outperform" rating on shares of Autodesk in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Bank of America lifted their price target on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $321.36.

Autodesk Company 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.