Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,816,987 shares of the software company’s stock after selling 200,603 shares during the period. Autodesk comprises about 185.7% of Loomis Sayles & Co. L P’s holdings, making the stock its 12th largest position. Loomis Sayles & Co. L P’s holdings in Autodesk were worth $1,719,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Starboard Value LP purchased a new position in Autodesk during the third quarter worth $510,189,000. China Universal Asset Management Co. Ltd. increased its position in Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares in the last quarter. Brookstone Capital Management raised its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Autodesk during the 3rd quarter worth about $20,087,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Autodesk during the fourth quarter worth about $13,906,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. Stifel Nicolaus reduced their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Barclays increased their target price on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Trading Down 0.7 %

ADSK opened at $271.21 on Thursday. The firm’s 50 day moving average is $285.01 and its 200-day moving average is $288.21. 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. The firm has a market capitalization of $57.77 billion, a P/E ratio of 53.81, a P/E/G ratio of 2.94 and a beta of 1.51.

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.