As Autodesk INC (ADSK) Market Valuation Rose, Holder Soroban Capital Partners LP Decreased Its Position by $284.44 Million

July 17, 2017 - By Marie Mckinney

Investors sentiment increased to 0.89 in 2016 Q4. Its up 0.03, from 0.86 in 2016Q3. It improved, as 45 investors sold ADSK shares while 169 reduced holdings. 58 funds opened positions while 132 raised stakes. 212.48 million shares or 1.15% more from 210.06 million shares in 2016Q3 were reported. Moreover, Ig Invest Limited has 0.01% invested in Autodesk, Inc. (NASDAQ:ADSK) for 13,550 shares. 350,467 were reported by Deutsche State Bank Ag. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.03% in Autodesk, Inc. (NASDAQ:ADSK). Rock Point Advsr Limited Com, a Vermont-based fund reported 18,595 shares. Moreover, Synovus Corporation has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 192 shares. 14,700 are held by Connor Clark & Lunn Invest Mgmt. Ny State Teachers Retirement System reported 325,658 shares. Commerzbank Aktiengesellschaft Fi has invested 0.03% in Autodesk, Inc. (NASDAQ:ADSK). State Treasurer State Of Michigan holds 0.04% or 64,020 shares in its portfolio. Steadfast Mngmt Limited Partnership holds 2.28M shares. Da Davidson Com reported 0.21% stake. State Board Of Administration Of Florida Retirement System has 316,277 shares for 0.07% of their portfolio. Ibm Retirement Fund holds 0.07% or 19,841 shares in its portfolio. Finemark State Bank Tru stated it has 48,866 shares. Brown Advisory Incorporated has invested 0.01% in Autodesk, Inc. (NASDAQ:ADSK).

Since March 7, 2017, it had 0 buys, and 17 insider sales for $18.02 million activity. Underwood Paul D. also sold $726,452 worth of Autodesk, Inc. (NASDAQ:ADSK) shares. On Thursday, March 16 the insider MCDOWELL MARY T sold $1.76 million. On Tuesday, March 7 the insider NORRINGTON LORRIE M sold $455,125. $337,146 worth of stock was sold by Anagnost Andrew on Wednesday, March 29. Herren Richard Scott sold 35,595 shares worth $3.98 million. Another trade for 6,702 shares valued at $571,457 was made by Di Fronzo Pascal W on Wednesday, March 29.

Eric W. Mandelblatt decreased its stake in Autodesk Inc (ADSK) by 38.3% based on its latest 2016Q4 regulatory filing with the SEC. Soroban Capital Partners Lp sold 3.84 million shares as the company’s stock rose 27.21% with the market. The hedge fund run by Eric W. Mandelblatt held 6.19M shares of the technology company at the end of 2016Q4, valued at $458.22 million, down from 10.04 million at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Autodesk Inc for a number of months, seems to be less bullish one the $23.93 billion market cap company. The stock decreased 1.66% or $1.8 during the last trading session, reaching $106.94. About 945,367 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 91.08% since July 17, 2016 and is uptrending. It has outperformed by 74.38% the S&P500.

Soroban Capital Partners Lp, which manages about $10.82 billion and $16.33B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 1.77 million shares to 2.77 million shares, valued at $318.68M in 2016Q4, according to the filing. It also increased its holding in Walgreens Boots Alliance Inc by 317,900 shares in the quarter, for a total of 4.93 million shares, and has risen its stake in Sba Communications Corp (NASDAQ:SBAC).

More recent Autodesk, Inc. (NASDAQ:ADSK) news were published by: Seekingalpha.com which released: “Autodesk Invests In Machine Learning Construction Video Firm Smartvid.Io” on July 14, 2017. Also Seekingalpha.com published the news titled: “Evercore ISI: New Architecture Billings Index good for Autodesk” on June 21, 2017. Prnewswire.com‘s news article titled: “Autodesk Names Andrew Anagnost President and CEO” with publication date: June 19, 2017 was also an interesting one.

Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage

Among 20 analysts covering Autodesk Inc. (NASDAQ:ADSK), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. Autodesk Inc. had 69 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of ADSK in report on Friday, February 26 with “Outperform” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Neutral” rating by Citigroup on Monday, August 31. The firm earned “Equal-Weight” rating on Tuesday, November 10 by Morgan Stanley. The rating was maintained by Evercore on Monday, June 19 with “Buy”. On Thursday, September 15 the stock rating was initiated by Evercore with “Buy”. Robert W. Baird maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 26 with “Outperform” rating. The rating was maintained by Rosenblatt on Wednesday, October 7 with “Buy”. The firm has “Outperform” rating given on Monday, August 31 by Cowen & Co. The rating was upgraded by Rosenblatt to “Neutral” on Thursday, December 8. OTR Global downgraded the stock to “Mixed” rating in Friday, October 30 report.

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