Mirabella Financial Services LLP Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Mirabella Financial Services LLP cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,295 shares of the software company’s stock after selling 8,295 shares during the quarter. Mirabella Financial Services LLP’s holdings in Autodesk were worth $2,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC raised its position in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd lifted its position in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% in 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 during the period. Journey Strategic Wealth LLC grew its position in shares of Autodesk by 4.6% in the fourth 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on 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 directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ADSK. Mizuho reduced their target price on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Citigroup lowered their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Stifel Nicolaus decreased their price target on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $321.59.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $259.47 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 has a market cap of $55.27 billion, a PE ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. The company’s fifty day moving average is $268.04 and its 200 day moving average is $286.91. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

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.