NZS Capital LLC Has $52.39 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

NZS Capital LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,265 shares of the software company's stock after selling 13,711 shares during the period. Autodesk makes up about 2.2% of NZS Capital LLC's holdings, making the stock its 17th largest holding. NZS Capital LLC owned about 0.08% of Autodesk worth $52,394,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter worth $25,000. Tradewinds Capital Management LLC boosted its stake 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 valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Autodesk during the fourth quarter worth about $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were acquired at an average price 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. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays cut their target price on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley decreased their target price on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Macquarie reiterated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Autodesk Stock Performance

ADSK traded down $0.76 during trading on Thursday, hitting $273.49. The stock had a trading volume of 1,302,800 shares, compared to its average volume of 1,631,246. 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 50 day simple moving average of $263.31 and a 200-day simple moving average of $286.47. The firm has a market cap of $58.25 billion, a PE ratio of 54.26, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk Company 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.