Marathon Asset Management Ltd Cuts Position in Autodesk, Inc. (NASDAQ:ADSK)

Marathon Asset Management Ltd decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,154 shares of the software company's stock after selling 10,150 shares during the quarter. Autodesk makes up approximately 1.3% of Marathon Asset Management Ltd's portfolio, making the stock its 24th biggest position. Marathon Asset Management Ltd owned 0.07% of Autodesk worth $45,859,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jag Capital Management LLC acquired a new stake in shares of Autodesk during the 3rd quarter valued at $13,861,000. LMR Partners LLP bought a new position in Autodesk during the 3rd quarter worth $12,643,000. Starboard Value LP bought a new position in Autodesk during the 3rd quarter worth $510,189,000. China Universal Asset Management Co. Ltd. raised its position in Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management raised its position in Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $338.43.

Autodesk Stock Down 0.1 %

Shares of ADSK traded down $0.19 during trading hours on Wednesday, hitting $267.24. The stock had a trading volume of 1,788,244 shares, compared to its average volume of 1,559,037. The firm has a market capitalization of $57.46 billion, a P/E ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a 50 day simple moving average of $294.76 and a 200-day simple moving average of $287.56.

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.