Mariner LLC Purchases 1,006 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mariner LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,948 shares of the software company’s stock after purchasing an additional 1,006 shares during the period. Mariner LLC’s holdings in Autodesk were worth $8,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC increased its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Autodesk in the fourth quarter worth $30,000. Addison Advisors LLC increased its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the 4th quarter worth about $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $259.47 on Friday. The company has a market capitalization of $55.27 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm’s 50 day simple moving average is $268.04 and its two-hundred day simple moving average is $286.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Insider Activity at Autodesk

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

Wall Street Analyst Weigh In

Several brokerages recently commented on ADSK. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. DA Davidson decreased their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Scotiabank cut their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Stifel Nicolaus decreased their price target on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $321.59.

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.