Which investment funds picked up Autodesk shares?

Hedge Funds Buying ADSK

A number of investment organizations have been purchasing Autodesk shares. Lone Pine Capital bought a new $493.4 million stake in ADSK. The fund picked up 3,836,207 shares over the prior quarter, comprising 3.34% of the hedge fund's portfolio.

Egerton Capital UK acquired a new stake in ADSK valued at $219.9 million. The hedge fund acquired 1,709,679 shares throughout the previous quarter, comprising 1.83% of the hedge fund's stock portfolio.

SRS Investment Management has been increasing its stake in ADSK during the prior few quarters, buying 256,143 shares in the 2nd quarter and another 381,878 shares in the 3rd quarter, increasing the aggregate number of shares held by the fund to 1,424,578. The fund now holds a $183.2 million position in Autodesk, constituting 5.77% of the fund's investment portfolio. This represents an increase of 36.62% over the last quarter's 1,042,700 shares.

Hedge Funds Selling ADSK

Tekne Capital Management sold 201,894 shares of ADSK, deflating the total number of shares owned by the firm to 94,011, valued at $12,091,000. This equals a decline of -68.23% over the previous quarter's 295,905 shares. Autodesk now comprises 6.02% of the firm's stock portfolio.

PointState Capital liquidated its $167.7 million holdings in Autodesk after gradually disposing off its ADSK shares throughout the last several months. The hedge fund dumped 738,081 shares in the 2nd quarter and an additional 1,178,090 shares in the 3rd quarter.

EastBay Asset Management exited its $16.7 million investment in Autodesk. The firm dumped 117,520 shares of the stock in the prior quarter.

Top Holders of ADSK

Sachem Head Capital Management, Contour Asset Management, and Shannon River Fund Management are the institutional investors with the biggest stakes in ADSK. Sachem Head Capital Management increased its investment in Autodesk by 115,000 shares, enlarging the total number of shares owned by the firm to 1,290,000, valued at $165,907,000. This equals an increase of 9.79% over the past quarter's 1,175,000 shares. ADSK now makes up 10.12% of the firm's investment portfolio.

Contour Asset Management shrunk its position in Autodesk by 145,224 shares, decreasing the aggregate number of shares held by the firm to 567,529, worth about $72,990,000. This amounts to a reduction of -20.38% over the prior quarter's 712,753 shares. ADSK now constitutes 7.53% of the firm's investments.

6,554 shares of ADSK were traded away by Shannon River Fund Management, deflating the total number of shares held by the hedge fund to 203,510, worth about $26,173,000. This adds up to a decline of -3.12% over the last quarter's 210,064 shares. Autodesk now accounts for 7.43% of the firm's stock portfolio.

ADSK Stock Price

ADSK moved 0.38% on Tuesday, dropping to a low of 162 before leveling up to end the trading session at 163.31. The stock commenced trading at 163.78, nearly -0.1% below its prior close of 163.94. ADSK is trading quite close to its year high price of 166.29 and is a long distance away from its 52-week low of 111.05. The company has a market capitalization of $35.77B.