Woodline Partners LP Purchases 238,647 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Woodline Partners LP grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 95.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 489,039 shares of the software company's stock after acquiring an additional 238,647 shares during the quarter. Autodesk accounts for 1.0% of Woodline Partners LP's holdings, making the stock its 9th biggest position. Woodline Partners LP owned 0.23% of Autodesk worth $144,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in Autodesk by 56.4% during the 4th quarter. Park Avenue Securities LLC now owns 4,120 shares of the software company's stock worth $1,218,000 after purchasing an additional 1,486 shares in the last quarter. Merit Financial Group LLC increased its stake in Autodesk by 84.2% during the 4th quarter. Merit Financial Group LLC now owns 1,728 shares of the software company's stock worth $511,000 after purchasing an additional 790 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Autodesk by 7.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,591 shares of the software company's stock worth $766,000 after purchasing an additional 175 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Autodesk during the 4th quarter worth approximately $210,000. Finally, Aaron Wealth Advisors LLC increased its stake in Autodesk by 5.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,187 shares of the software company's stock worth $351,000 after purchasing an additional 59 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADSK. JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barclays raised their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $337.18.

Autodesk Stock Performance

Shares of ADSK traded up $0.35 during midday trading on Friday, reaching $295.35. 3,196,593 shares of the stock were exchanged, compared to its average volume of 1,638,970. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $63.19 billion, a P/E ratio of 58.60, a PEG ratio of 2.94 and a beta of 1.47. The stock's 50 day simple moving average is $271.64 and its 200 day simple moving average is $286.58.

Autodesk 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.