Kovitz Investment Group Partners LLC Has $2.37 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Kovitz Investment Group Partners LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,029 shares of the software company’s stock after selling 19,562 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Autodesk were worth $2,373,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its stake in 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 valued at $2,394,000 after acquiring an additional 5,365 shares during the last quarter. Brookstone Capital Management lifted its stake in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after acquiring an additional 26,768 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Autodesk in the fourth quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. raised its position in shares of Autodesk by 25.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock valued at $88,711,000 after purchasing an additional 60,963 shares during the period. Finally, GAM Holding AG bought a new position in shares of Autodesk in the fourth quarter valued at about $3,453,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADSK shares. Barclays dropped their price objective on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Macquarie reissued an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Citigroup dropped their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Finally, Bank of America increased their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.36.

Autodesk Trading Up 0.6 %

ADSK opened at $271.47 on Tuesday. The company’s 50 day moving average is $263.89 and its 200-day moving average is $286.65. 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. The company has a market cap of $57.82 billion, a P/E ratio of 53.86, a PEG ratio of 2.94 and a beta of 1.49.

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 value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.