Was Peter Avellone’s Cartenna Capital Right About These 5 Stocks?

2. Autodesk, Inc. (NASDAQ:ADSK)

Cartenna Capital’s Stake Value: $15,684,000

Stock performance over the past 12 months as of November 24: -23%

Autodesk, Inc. (NASDAQ:ADSK) is a California-based multinational software company, offering software solutions for multiple industries including architecture, engineering, construction, manufacturing, media, education, and entertainment. Cartenna Capital, as of Q3 2021, purchased 55,000 Autodesk, Inc. (NASDAQ:ADSK) shares, worth $15.6 million, representing 5.80% of the fund’s total investments. 

Deutsche Bank analyst Johannes Schaller lowered the price target on Autodesk, Inc. (NASDAQ:ADSK) to $330 from $370 and kept a Buy rating on the shares on November 29, citing solid Q3 results.