Autodesk, Inc. (NASDAQ:ADSK) is Woodline Partners LP’s 9th Largest Position

Woodline Partners LP grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 95.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 489,039 shares of the software company’s stock after purchasing an additional 238,647 shares during the quarter. Autodesk makes up approximately 1.0% of Woodline Partners LP’s holdings, making the stock its 9th biggest position. Woodline Partners LP owned about 0.23% of Autodesk worth $144,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Vident Advisory LLC increased its holdings in Autodesk by 885.7% in the 4th quarter. Vident Advisory LLC now owns 66,337 shares of the software company’s stock worth $19,607,000 after acquiring an additional 59,607 shares in the last quarter. Sphera Management Technology Funds Ltd purchased a new stake in Autodesk in the 4th quarter worth approximately $2,217,000. Waters Parkerson & CO. LLC purchased a new stake in Autodesk in the 4th quarter worth approximately $217,000. Triglav Skladi D.O.O. purchased a new stake in Autodesk in the 4th quarter worth approximately $633,000. Finally, Tybourne Capital Management HK Ltd. increased its holdings in Autodesk by 1,800.3% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 129,826 shares of the software company’s stock worth $38,373,000 after acquiring an additional 122,994 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.7%

Shares of ADSK opened at $295.90 on Tuesday. The company has a market cap of $63.31 billion, a PE ratio of 58.71, a P/E/G ratio of 2.94 and a beta of 1.47. The business has a fifty day moving average of $268.50 and a 200 day moving average of $286.50. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In related news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.32.

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.