Loomis Sayles & Co. L P Cuts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Loomis Sayles & Co. L P lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,816,987 shares of the software company’s stock after selling 200,603 shares during the quarter. Autodesk accounts for approximately 185.7% of Loomis Sayles & Co. L P’s portfolio, making the stock its 12th biggest position. Loomis Sayles & Co. L P owned approximately 2.71% of Autodesk worth $1,719,327,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. NEOS Investment Management LLC grew its stake in shares of Autodesk by 22.8% during the fourth quarter. NEOS Investment Management LLC now owns 25,556 shares of the software company’s stock worth $7,554,000 after purchasing an additional 4,753 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Autodesk by 3.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 42,359 shares of the software company’s stock worth $12,520,000 after acquiring an additional 1,264 shares in the last quarter. Sava Infond d.o.o. purchased a new position in shares of Autodesk in the 4th quarter valued at about $2,365,000. Elo Mutual Pension Insurance Co lifted its stake in Autodesk by 14.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 21,825 shares of the software company’s stock worth $6,451,000 after purchasing an additional 2,802 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Autodesk by 8.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 354,639 shares of the software company’s stock valued at $104,285,000 after purchasing an additional 27,131 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Down 0.7 %

ADSK opened at $271.21 on Thursday. The business has a 50 day simple moving average of $285.01 and a 200-day simple moving average of $288.21. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock 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. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analysts Set New Price Targets

A number of research firms have weighed in on ADSK. 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 report on Thursday, February 27th. Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Morgan Stanley raised their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Barclays boosted their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Robert W. Baird dropped their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

About Autodesk

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.