In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Autodesk Inc. (NASDAQ:ADSK) reported that Sachem Head Capital has picked up 12,892,681 of common stock as of 2017-06-19.
The acquisition brings the aggregate amount owned by Sachem Head Capital to a total of 12,892,681 representing a 5.8% stake in the company.
For those not familiar with the company, Autodesk, Inc. is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The Company serves customers in the architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries. The Company’s product development and manufacturing software provides manufacturers in automotive, transportation, industrial machinery, consumer products and building products with digital engineering solutions. The Company’s product offerings include, AutoCAD, AutoCAD LT, Industry Collections, 3ds Max, Maya, Revit, Inventor, AutoCAD Civil three dimensional (3D), CAM Solutions, Fusion 360, BIM 360 and Shotgun.
A glance at Autodesk Inc. (NASDAQ:ADSK)’s key stats reveals a current market capitalization of $23.24 Billion based on $220.39 Million shares outstanding and a price at last close of $106.16 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2009-03-05, Bass picked up 25,000 at a purchase price of $12.17. This brings their total holding to 93,801 as of the date of the filing.
On the sell side, the most recent transaction saw Beveridge unload 7,000 shares at a sale price of $111.38. This brings their total holding to 26,736 .
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Autodesk Inc. (NASDAQ:ADSK) as things move forward to see if its progress aligns with these transactions.
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