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

Kovitz Investment Group Partners LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 70.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,029 shares of the software company’s stock after selling 19,562 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Autodesk were worth $2,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Voya Investment Management LLC increased its holdings in Autodesk by 422.6% in the fourth quarter. Voya Investment Management LLC now owns 412,113 shares of the software company’s stock valued at $121,808,000 after purchasing an additional 333,258 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Autodesk by 12.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,723 shares of the software company’s stock worth $1,691,000 after acquiring an additional 620 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Autodesk during the 4th quarter worth about $10,346,000. Tenere Capital LLC acquired a new stake in Autodesk during the 4th quarter worth about $10,966,000. Finally, Coppell Advisory Solutions LLC grew its holdings in Autodesk by 119.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 277 shares of the software company’s stock worth $82,000 after acquiring an additional 151 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $271.47 on Tuesday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market cap of $57.82 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day simple moving average is $263.89 and its 200 day simple moving average is $286.65.

Analyst Ratings Changes

A number of analysts have weighed in on ADSK shares. Barclays decreased their price target on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Mizuho decreased their price target on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. DA Davidson decreased their price target on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Citigroup cut 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. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $321.36.

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.