Marshall Wace LLP Has $12.73 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Marshall Wace LLP grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,061 shares of the software company's stock after purchasing an additional 5,984 shares during the period. Marshall Wace LLP's holdings in Autodesk were worth $12,728,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADSK. NewEdge Advisors LLC grew its position in Autodesk by 1.9% in the 4th quarter. NewEdge Advisors LLC now owns 12,170 shares of the software company's stock worth $3,597,000 after purchasing an additional 229 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in Autodesk by 10.1% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,042 shares of the software company's stock valued at $308,000 after buying an additional 96 shares during the period. Guggenheim Capital LLC raised its position in shares of Autodesk by 5.4% during the 4th quarter. Guggenheim Capital LLC now owns 115,791 shares of the software company's stock worth $34,224,000 after buying an additional 5,945 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Autodesk in the 4th quarter worth approximately $2,107,000. Finally, Promethos Capital LLC boosted its holdings in shares of Autodesk by 3.6% in the fourth quarter. Promethos Capital LLC now owns 13,997 shares of the software company's stock valued at $4,137,000 after acquiring an additional 480 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Robert W. Baird dropped their price target on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. DA Davidson decreased their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Scotiabank decreased their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on 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 directly owns 3,003 shares of the company's stock, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Performance

NASDAQ ADSK traded down $1.78 during trading on Friday, hitting $269.93. The company's stock had a trading volume of 1,308,090 shares, compared to its average volume of 1,637,694. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week 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 $57.50 billion, a P/E ratio of 53.56, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The firm has a 50 day moving average price of $264.44 and a 200 day moving average price of $286.72.

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.