Autodesk, Inc. (NASDAQ:ADSK) Position Lessened by Aristotle Capital Management LLC

Aristotle Capital Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,632 shares of the software company’s stock after selling 5,443 shares during the quarter. Aristotle Capital Management LLC’s holdings in Autodesk were worth $4,325,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its holdings in shares of 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 buying an additional 35 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust raised 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 acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake 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 valued at $106,000 after acquiring an additional 38 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ADSK shares. Mizuho reduced their target price on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley decreased their price target 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. Macquarie reissued an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $279.99 on Friday. The business’s 50 day moving average is $263.00 and its 200-day moving average is $286.34. The firm has a market cap of $59.64 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insiders Place Their Bets

In related news, Director John T. Cahill acquired 2,000 shares of the 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 purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.