Greenvale Capital LLP Trims Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Greenvale Capital LLP lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 24.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,000 shares of the software company’s stock after selling 40,000 shares during the quarter. Autodesk comprises 2.7% of Greenvale Capital LLP’s portfolio, making the stock its 13th biggest holding. Greenvale Capital LLP owned 0.06% of Autodesk worth $36,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth about $30,000. Addison Advisors LLC grew its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut 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. Stifel Nicolaus cut their target price on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Morgan Stanley decreased their price target on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price objective on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.36.

Autodesk Stock Performance

Shares of Autodesk stock opened at $287.48 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $263.76 and its two-hundred day moving average is $286.12. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market capitalization of $61.23 billion, a PE ratio of 57.04, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was acquired 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 $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Autodesk 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.