Mirabella Financial Services LLP Sells 8,295 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mirabella Financial Services LLP lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,295 shares of the software company's stock after selling 8,295 shares during the quarter. Mirabella Financial Services LLP's holdings in Autodesk were worth $2,452,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its holdings in Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after purchasing an additional 35 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Autodesk by 1.0% during the 4th 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 during the period. Grove Bank & Trust raised its stake in shares of 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 during the last quarter. Journey Strategic Wealth LLC lifted its holdings in Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after acquiring an additional 38 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. Robert W. Baird cut their price target on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Morgan Stanley cut their price target on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Rosenblatt Securities restated a "buy" rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Autodesk Stock Up 2.7 %

Shares of NASDAQ ADSK traded up $7.27 during mid-day trading on Thursday, hitting $271.71. The company had a trading volume of 1,303,258 shares, compared to its average volume of 1,643,805. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a market capitalization of $57.87 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $265.57 and a two-hundred day simple moving average of $286.59.

Insider Activity

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

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.