TD Asset Management Inc grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 153.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 384,380 shares of the software company's stock after buying an additional 232,441 shares during the period. TD Asset Management Inc owned 0.18% of Autodesk worth $93,589,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC increased its stake in Autodesk by 214.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 6,232 shares of the software company's stock valued at $1,290,000 after buying an additional 4,247 shares during the period. Wealthspire Advisors LLC acquired a new stake in Autodesk in the third quarter worth approximately $346,000. Great Valley Advisor Group Inc. boosted its stake in Autodesk by 6.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,254 shares of the software company's stock valued at $673,000 after purchasing an additional 206 shares in the last quarter. Savant Capital LLC boosted its stake in Autodesk by 12.8% during the 3rd quarter. Savant Capital LLC now owns 2,337 shares of the software company's stock valued at $484,000 after purchasing an additional 265 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Autodesk in the 3rd quarter worth $315,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Stock Down 4.1 %
Shares of NASDAQ ADSK traded down $8.58 during mid-day trading on Thursday, reaching $199.93. The company had a trading volume of 4,026,487 shares, compared to its average volume of 1,501,788. The stock has a market capitalization of $43.08 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 2.89 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The stock's 50 day moving average is $228.80 and its 200-day moving average is $237.32.
Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, the executive vice president now directly owns 13,620 shares of the company's stock, valued at $3,425,974.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 5,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares of the company's stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,616 shares of company stock worth $9,319,448. Insiders own 0.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on ADSK shares. Berenberg Bank lowered Autodesk from a "buy" rating to a "hold" rating and set a $295.00 target price on the stock. in a report on Wednesday, May 1st. StockNews.com downgraded shares of Autodesk from a "strong-buy" rating to a "buy" rating in a report on Friday, April 26th. BMO Capital Markets raised their target price on shares of Autodesk from $232.00 to $293.00 and gave the stock a "market perform" rating in a report on Friday, March 1st. Barclays lifted their price target on shares of Autodesk from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Finally, KeyCorp cut their target price on Autodesk from $320.00 to $305.00 and set an "overweight" rating on the stock in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $272.94.
Check Out Our Latest Stock Analysis on ADSK
About Autodesk
(
Free Report)
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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