Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP lessened its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,295 shares of the software company's stock after selling 8,295 shares during the period. Mirabella Financial Services LLP's holdings in Autodesk were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the fourth quarter worth $30,000. Addison Advisors LLC lifted its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter valued at $37,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

ADSK traded down $1.83 during midday trading on Friday, hitting $269.88. 452,270 shares of the company traded hands, compared to its average volume of 1,635,276. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The business has a 50 day simple moving average of $264.95 and a two-hundred day simple moving average of $286.62. 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 company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 2.94 and a beta of 1.49.

Wall Street Analyst Weigh In

A number of analysts have commented on ADSK shares. Wells Fargo & Company lowered their price target on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup dropped their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley reduced their price target on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, Bank of America raised their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Transactions at Autodesk

In other news, 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 value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

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.