Liontrust Investment Partners LLP Lowers Stock Position in Autodesk, Inc. $ADSK

Key Points

• Liontrust Investment Partners LLP has reduced its stake in Autodesk, Inc. by 5.9%, now holding approximately $113.99 million worth of shares, which represents 1.8% of its portfolio.
• Insider activity includes EVP Rebecca Pearce selling 3,251 shares of Autodesk valued at over $1 million, reducing her ownership by 14.33%.
• Autodesk's stock has a market capitalization of $60.72 billion, with analysts giving it a consensus rating of "Moderate Buy" and a target price of $342.61.

Liontrust Investment Partners LLP cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,405 shares of the software company's stock after selling 27,197 shares during the period. Autodesk comprises about 1.8% of Liontrust Investment Partners LLP's portfolio, making the stock its 19th biggest position. Liontrust Investment Partners LLP owned about 0.20% of Autodesk worth $113,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after purchasing an additional 397,458 shares during the period. Ninety One UK Ltd increased its stake in shares of Autodesk by 1.6% during the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after buying an additional 79,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Autodesk by 28.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after buying an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Autodesk by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after buying an additional 124,948 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after buying an additional 420,838 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 0.1%

Autodesk stock traded down $0.37 during mid-day trading on Wednesday, hitting $288.87. The company had a trading volume of 273,179 shares, compared to its average volume of 1,587,145. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 61.85, a PEG ratio of 2.79 and a beta of 1.46. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year 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 business has a fifty day moving average of $298.64 and a 200 day moving average of $285.50.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Piper Sandler upped their target price on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Barclays upped their target price on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They set a "hold" rating and a $320.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $342.61.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 9,391 shares of company stock worth $2,909,885 in the last 90 days. Company insiders own 0.15% of the company's stock.

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.