Champlain Investment Partners LLC Has $41.98 Million Stake in Autodesk, Inc. $ADSK

Key Points

• Champlain Investment Partners LLC has reduced its stake in Autodesk, Inc. by 7.4%, now holding approximately 0.07% of the company, valued at $41,984,000.
• Insider selling has been notable, with EVP Rebecca Pearce recently selling 3,251 shares for over $1 million, resulting in a 14.33% decrease in her ownership.
• Analysts have generally positive outlooks for Autodesk, with a consensus target price of $343.04 and multiple price upgrades, including Morgan Stanley raising its target to $370.00.

Champlain Investment Partners LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,365 shares of the software company's stock after selling 12,725 shares during the quarter. Champlain Investment Partners LLC owned approximately 0.07% of Autodesk worth $41,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farallon Capital Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $544,381,000. GAMMA Investing LLC boosted its position in Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares during the last quarter. Nuveen LLC acquired a new position in Autodesk during the 1st quarter worth approximately $278,383,000. T. Rowe Price Investment Management Inc. raised its stake in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after acquiring an additional 1,016,187 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after acquiring an additional 670,699 shares during the period. Institutional investors own 90.24% of the company's stock.

Insider Activity

In related news, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company's stock, valued at $1,427,725. The trade was a 41.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company's stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,679 shares of company stock valued at $5,916,595 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research analyst reports. Rosenblatt Securities raised their price objective on Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on Autodesk from $345.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday. Robert W. Baird boosted their price objective on Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley increased their target price on Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a report on Sunday. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $356.83.

Autodesk Trading Up 0.2%

Shares of ADSK stock traded up $0.55 during trading on Tuesday, hitting $315.25. 1,017,138 shares of the stock traded hands, compared to its average volume of 1,616,996. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.65. The firm's fifty day moving average price is $297.93 and its 200-day moving average price is $284.66. The firm has a market capitalization of $67.46 billion, a P/E ratio of 65.26, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

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.