Light Street Capital Management LLC Sells 14,157 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Light Street Capital Management LLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,956 shares of the software company’s stock after selling 14,157 shares during the quarter. Autodesk makes up approximately 2.8% of Light Street Capital Management LLC’s portfolio, making the stock its 13th largest holding. Light Street Capital Management LLC’s holdings in Autodesk were worth $15,061,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Autodesk during the 4th quarter valued at about $30,000. Addison Advisors LLC increased its position 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 buying an additional 74 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. The trade was a 44.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Mizuho decreased their price objective on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Citigroup cut their price target 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. Scotiabank lowered their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Finally, Robert W. Baird cut their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Stock Down 0.7%

Shares of NASDAQ:ADSK opened at $287.48 on Monday. The firm has a market capitalization of $61.23 billion, a P/E ratio of 57.04, a P/E/G ratio of 2.94 and a beta of 1.47. The stock has a 50 day moving average price of $263.76 and a 200-day moving average price of $286.12. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.