TD Private Client Wealth LLC Grows Holdings in Autodesk, Inc. (NASDAQ:ADSK)

TD Private Client Wealth LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 870.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,776 shares of the software company's stock after buying an additional 6,975 shares during the quarter. TD Private Client Wealth LLC's holdings in Autodesk were worth $2,298,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk in the fourth quarter worth approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. DA Davidson upped their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Robert W. Baird reduced their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Finally, BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $336.29.

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Autodesk Trading Down 0.7 %

Autodesk stock traded down $1.87 during mid-day trading on Wednesday, reaching $271.21. 1,092,737 shares of the company traded hands, compared to its average volume of 1,590,232. The firm's 50 day moving average price is $285.41 and its 200 day moving average price is $288.33. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $57.77 billion, a price-to-earnings ratio of 53.81, a P/E/G ratio of 2.94 and a beta of 1.51.

Insider Buying and Selling

In other news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

About Autodesk

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.