Capco Asset Management LLC Sells 1,424 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Capco Asset Management LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,980 shares of the software company's stock after selling 1,424 shares during the quarter. Autodesk makes up about 6.3% of Capco Asset Management LLC's holdings, making the stock its 8th largest position. Capco Asset Management LLC's holdings in Autodesk were worth $28,073,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC grew its stake in Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock worth $657,292,000 after acquiring an additional 61,785 shares during the period. Principal Financial Group Inc. increased its position in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Starboard Value LP acquired a new stake in shares of Autodesk in the third quarter valued at about $510,189,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Autodesk Trading Down 0.7 %

ADSK traded down $1.87 during midday trading on Wednesday, reaching $271.21. 1,092,737 shares of the company were exchanged, compared to its average volume of 1,592,834. The stock has a market capitalization of $57.77 billion, a P/E ratio of 53.81, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock's 50-day simple moving average is $285.41 and its 200 day simple moving average is $288.33.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and increased their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $336.29.

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.