Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,419 shares of the software company's stock after selling 8,896 shares during the quarter. Autodesk makes up approximately 1.7% of Jag Capital Management LLC's investment portfolio, making the stock its 22nd largest position. Jag Capital Management LLC's holdings in Autodesk were worth $12,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. State Street Corp increased its position in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. FMR LLC raised its stake in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $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% in 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 last quarter. Principal Financial Group Inc. boosted its position in shares of 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 during the period. Finally, Starboard Value LP purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of Autodesk stock traded down $0.19 during trading on Wednesday, reaching $267.24. The company's stock had a trading volume of 1,748,555 shares, compared to its average volume of 1,560,159. The firm has a market cap of $57.46 billion, a PE ratio of 53.02, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a 50-day moving average price of $295.44 and a two-hundred day moving average price of $287.71. 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 fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADSK. Barclays boosted their price objective on Autodesk from $355.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Hsbc Global Res downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and raised their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Oppenheimer upped their price objective on Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $338.43.

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.