Lateef Investment Management L.P. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 428,114 shares of the software company’s stock after selling 54,109 shares during the quarter. Autodesk makes up 4.3% of Lateef Investment Management L.P.’s holdings, making the stock its 5th largest position. Lateef Investment Management L.P. owned about 0.19% of Autodesk worth $44,879,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. HBK Investments L P raised its holdings in shares of Autodesk by 6.8% in the 4th quarter. HBK Investments L P now owns 266,800 shares of the software company’s stock valued at $27,969,000 after purchasing an additional 17,100 shares during the period. Viking Global Investors LP raised its holdings in shares of Autodesk by 68.5% in the 4th quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock valued at $429,177,000 after purchasing an additional 1,664,658 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Autodesk by 17.1% in the 4th quarter. Guggenheim Capital LLC now owns 558,680 shares of the software company’s stock valued at $58,566,000 after purchasing an additional 81,756 shares during the period. Virtue Capital Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at about $201,000. Finally, Discovery Capital Management LLC CT bought a new stake in shares of Autodesk in the 4th quarter valued at about $13,879,000. 95.18% of the stock is currently owned by institutional investors.
Autodesk, Inc. (NASDAQ ADSK) opened at $140.95 on Monday. Autodesk, Inc. has a 52-week low of $82.70 and a 52-week high of $140.95. The company has a current ratio of 0.88, a quick ratio of 1.07 and a debt-to-equity ratio of -6.20.
ADSK has been the topic of several research analyst reports. Evercore ISI set a $135.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, November 15th. Oppenheimer increased their price target on shares of Autodesk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, March 7th. Morgan Stanley increased their price target on shares of Autodesk from $120.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $130.00 price target on shares of Autodesk in a report on Wednesday, November 29th. Finally, Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.76.
In related news, Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,510 shares of company stock worth $1,453,509. Company insiders own 6.10% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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