Primecap Management Co. CA Has $195.68 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Primecap Management Co. CA decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 662,030 shares of the software company’s stock after selling 18,790 shares during the period. Primecap Management Co. CA’s holdings in Autodesk were worth $195,676,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LMR Partners LLP bought a new stake in shares of Autodesk during the 3rd quarter worth $12,643,000. Starboard Value LP bought a new stake in Autodesk in the 3rd quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. boosted its holdings in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after purchasing an additional 5,365 shares during the period. Brookstone Capital Management boosted its holdings 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 period. Finally, Erste Asset Management GmbH bought a new stake in Autodesk in the 3rd quarter valued at $20,087,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 2.4 %

ADSK opened at $260.62 on Tuesday. 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 stock has a market capitalization of $55.51 billion, a PE ratio of 51.71, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a 50-day moving average price of $288.10 and a two-hundred day moving average price of $287.82.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie restated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Stifel Nicolaus dropped their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Citigroup dropped their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

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.