Mariner LLC Buys 1,006 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mariner LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,948 shares of the software company's stock after buying an additional 1,006 shares during the quarter. Mariner LLC's holdings in Autodesk were worth $8,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mount Yale Investment Advisors LLC grew its stake in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after buying an additional 35 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after buying an additional 35 shares in the last quarter. Grove Bank & Trust grew its stake in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after buying an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock worth $106,000 after acquiring an additional 38 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Mizuho dropped their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. DA Davidson dropped their price objective on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Finally, Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $7.25 during trading on Thursday, hitting $271.69. 455,944 shares of the company were exchanged, compared to its average volume of 1,640,506. The company has a market cap of $57.87 billion, a PE ratio of 53.94, a P/E/G ratio of 2.94 and a beta of 1.49. The stock has a 50 day moving average of $265.57 and a 200 day moving average of $286.59. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. 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 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.