Thematics Asset Management Has $17.24 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Thematics Asset Management decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,332 shares of the software company's stock after selling 1,279 shares during the period. Thematics Asset Management's holdings in Autodesk were worth $17,241,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in Autodesk in the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its stake in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the fourth quarter worth $30,000. Addison Advisors LLC lifted its position in shares of Autodesk by 157.4% in 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 last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter worth about $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. DA Davidson lowered their price target on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Oppenheimer dropped their price target on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was 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 owned by corporate insiders.

Autodesk Price Performance

NASDAQ:ADSK traded up $3.40 during mid-day trading on Wednesday, reaching $264.54. The stock had a trading volume of 1,021,670 shares, compared to its average volume of 1,645,167. The stock has a 50-day simple moving average of $266.34 and a two-hundred day simple moving average of $286.75. 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 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market capitalization of $56.35 billion, a PE ratio of 52.49, a P/E/G ratio of 2.94 and a beta of 1.49.

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.