Greenvale Capital LLP Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Greenvale Capital LLP decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the software company's stock after selling 40,000 shares during the quarter. Autodesk comprises about 2.7% of Greenvale Capital LLP's investment portfolio, making the stock its 13th biggest holding. Greenvale Capital LLP owned about 0.06% of Autodesk worth $36,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Ellevest Inc. raised its stake in Autodesk by 6.1% during the fourth quarter. Ellevest Inc. now owns 1,556 shares of the software company's stock valued at $460,000 after buying an additional 90 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Autodesk by 3.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 26,837 shares of the software company's stock worth $7,932,000 after purchasing an additional 801 shares during the last quarter. Ethic Inc. raised its stake in shares of Autodesk by 8.7% in the fourth quarter. Ethic Inc. now owns 22,612 shares of the software company's stock worth $6,683,000 after purchasing an additional 1,814 shares during the last quarter. Farallon Capital Management LLC purchased a new position in shares of Autodesk in the fourth quarter worth $544,381,000. Finally, Fred Alger Management LLC raised its stake in shares of Autodesk by 7,721.4% in the fourth quarter. Fred Alger Management LLC now owns 204,295 shares of the software company's stock worth $60,383,000 after purchasing an additional 201,683 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADSK. Macquarie restated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. KeyCorp decreased their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Bank of America upped their price objective on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk Stock Performance

NASDAQ:ADSK traded up $5.72 during mid-day trading on Monday, hitting $293.20. 1,500,022 shares of the company traded hands, compared to its average volume of 1,621,665. The stock's fifty day moving average price is $264.28 and its 200-day moving average price is $286.17. Autodesk, Inc. has a one year low of $195.32 and a one 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 firm has a market cap of $62.73 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction dated Friday, March 28th. The stock was 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 of the company's stock, valued at $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, 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 disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.