Champlain Investment Partners LLC Trims Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Champlain Investment Partners LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,090 shares of the software company's stock after selling 318,325 shares during the period. Champlain Investment Partners LLC owned approximately 0.08% of Autodesk worth $51,160,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC increased its position in shares of Autodesk by 100.0% during 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. purchased a new position in shares of Autodesk during the 4th quarter worth $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during 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 period. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk in the 4th quarter worth approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, 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.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $3.06 during trading on Wednesday, reaching $264.20. 350,874 shares of the company traded hands, compared to its average volume of 1,641,974. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm's fifty day simple moving average is $266.34 and its 200 day simple moving average is $286.75. The stock has a market cap of $56.27 billion, a P/E ratio of 52.42, a PEG ratio of 2.94 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADSK. Wells Fargo & Company lowered their price objective on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays decreased their price objective on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Citigroup cut their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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. Finally, Scotiabank dropped their target price 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. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $321.36.

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.