Lighthouse Investment Partners LLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Lighthouse Investment Partners LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,599 shares of the software company's stock after purchasing an additional 963 shares during the period. Lighthouse Investment Partners LLC's holdings in Autodesk were worth $3,133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC lifted its stake in Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Northern Trust Corp lifted its stake in 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 purchasing an additional 420,838 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock worth $704,419,000 after purchasing an additional 191,666 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In other news, Director John T. Cahill purchased 2,000 shares of the company'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 purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Up 0.8%

Shares of ADSK stock traded up $2.30 during midday trading on Friday, reaching $298.08. 1,901,492 shares of the stock were exchanged, compared to its average volume of 1,622,687. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company's 50 day moving average is $267.62 and its two-hundred day moving average is $286.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $63.77 billion, a PE ratio of 59.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ADSK shares. KeyCorp dropped 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. Citigroup lowered their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, DA Davidson lowered their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.32.

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.