Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Martin Currie Ltd.

Martin Currie Ltd. trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,056 shares of the software company’s stock after selling 31,779 shares during the period. Autodesk makes up about 2.0% of Martin Currie Ltd.’s portfolio, making the stock its 19th biggest position. Martin Currie Ltd. owned about 0.08% of Autodesk worth $53,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Vanguard Group Inc. lifted its holdings in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the period. State Street Corp increased its holdings in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the period. Norges Bank acquired a new stake in Autodesk during the fourth quarter valued at $632,566,000. Finally, Starboard Value LP purchased a new position in Autodesk in the third quarter valued at $510,189,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $261.63 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $284.01 and its two-hundred day moving average is $288.34. The firm has a market capitalization of $55.73 billion, a P/E ratio of 51.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADSK. Citigroup dropped their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays boosted their price objective on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. DA Davidson increased their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Finally, KeyCorp increased their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.