Marathon Asset Management Ltd Reduces Position in Autodesk, Inc. (NASDAQ:ADSK)

Marathon Asset Management Ltd cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,500 shares of the software company's stock after selling 15,654 shares during the quarter. Marathon Asset Management Ltd owned about 0.07% of Autodesk worth $36,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its stake in Autodesk by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock worth $320,000 after purchasing an additional 39 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after buying an additional 41 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after buying an additional 42 shares during the period. FineMark National Bank & Trust raised its position in shares of Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after buying an additional 42 shares during the period. Finally, Johnson Financial Group Inc. raised its position in shares of Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after buying an additional 42 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 0.1%

Shares of Autodesk stock traded up $0.20 during trading hours on Friday, reaching $305.13. 1,703,006 shares of the company were exchanged, compared to its average volume of 1,479,119. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The stock's fifty day moving average is $290.57 and its 200 day moving average is $285.27. 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 firm has a market cap of $65.30 billion, a PE ratio of 50.44, a PEG ratio of 2.94 and a beta of 1.45.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. 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 report on Wednesday, April 9th. Piper Sandler lifted their price target on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Robert W. Baird lifted their price target on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and lifted their price target for the company from $325.00 to $365.00 in a research report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.45.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 486 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the transaction, the executive vice president now owns 28,345 shares in the company, valued at approximately $8,503,500. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 3,087 shares of company stock worth $936,607. Corporate insiders own 0.15% 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.