Tybourne Capital Management HK Ltd. Has $38.37 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Tybourne Capital Management HK Ltd. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,800.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 129,826 shares of the software company's stock after acquiring an additional 122,994 shares during the period. Autodesk comprises about 9.6% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 3rd largest holding. Tybourne Capital Management HK Ltd. owned 0.06% of Autodesk worth $38,373,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after acquiring an additional 5,365 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Autodesk in the fourth quarter worth $13,906,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Autodesk by 25.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock valued at $88,711,000 after buying an additional 60,963 shares in the last quarter. GAM Holding AG acquired a new position in Autodesk during the fourth quarter valued at $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Autodesk by 8.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company's stock valued at $38,205,000 after buying an additional 9,877 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was purchased 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 in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ADSK. Morgan Stanley dropped their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price target on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group upped their price target on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $323.59.

Autodesk Stock Down 1.0%

Shares of NASDAQ ADSK traded down $2.91 during mid-day trading on Wednesday, reaching $292.93. 1,831,081 shares of the company traded hands, compared to its average volume of 1,628,039. 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 stock has a market cap of $62.67 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company's fifty day moving average is $270.25 and its two-hundred day moving average is $286.61. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

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.