Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,154 shares of the software company’s stock after selling 10,150 shares during the quarter. Autodesk accounts for 1.3% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 24th biggest position. Marathon Asset Management Ltd owned 0.07% of Autodesk worth $45,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jag Capital Management LLC acquired a new position in shares of Autodesk in the third quarter worth about $13,861,000. LMR Partners LLP acquired a new position in shares of Autodesk in the third quarter worth about $12,643,000. Starboard Value LP acquired a new position in shares of Autodesk in the third quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after acquiring an additional 5,365 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $274.23 on Monday. The company’s fifty day moving average is $296.63 and its two-hundred day moving average is $287.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $58.96 billion, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley boosted their price target on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. DA Davidson boosted their price objective on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday. Finally, Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Company 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.