Autodesk, Inc. (NASDAQ:ADSK) has seen an increase in support from the world’s most elite money managers of late.
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Now, we’re going to take a glance at the recent action encompassing Autodesk, Inc. (NASDAQ:ADSK).
What have hedge funds been doing with Autodesk, Inc. (NASDAQ:ADSK)?
Heading into 2013, a total of 29 of the hedge funds we track were bullish in this stock, a change of 45% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes substantially.
Of the funds we track, Jeffrey Ubben’s ValueAct Capital had the largest position in Autodesk, Inc. (NASDAQ:ADSK), worth close to $365 million billion, comprising 4.6% of its total 13F portfolio. The second largest stake is held by TPG-AXON Management LP, managed by Dinakar Singh, which held a $112 million position; 5.8% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Eric Bannasch’s Cadian Capital and Michael Karsch’s Karsch Capital Management.
As aggregate interest increased, some big names were breaking ground themselves. TPG-AXON Management LP, managed by Dinakar Singh, created the most valuable position in Autodesk, Inc. (NASDAQ:ADSK). TPG-AXON Management LP had 112 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $95 million investment in the stock during the quarter. The following funds were also among the new ADSK investors: Michael Karsch’s Karsch Capital Management, Glenn J. Krevlin’s Glenhill Advisors, and Anand Parekh’s Alyeska Investment Group.
Insider trading activity in Autodesk, Inc. (NASDAQ:ADSK)
Insider trading activity, especially when it’s bullish, is particularly usable when the company in question has experienced transactions within the past six months. Over the latest 180-day time frame, Autodesk, Inc. (NASDAQ:ADSK) has experienced zero unique insiders buying, and 6 insider sales (see the details of insider trades here).
With the results shown by our strategies, retail investors must always keep an eye on hedge fund and insider trading sentiment, and Autodesk, Inc. (NASDAQ:ADSK) is no exception.
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