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

TD Private Client Wealth LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 801 shares of the software company’s stock after acquiring an additional 97 shares during the quarter. TD Private Client Wealth LLC’s holdings in Autodesk were worth $221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Starboard Value LP bought a new stake in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. Ninety One UK Ltd lifted its position in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after purchasing an additional 825,165 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after purchasing an additional 662,339 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after buying an additional 566,826 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ADSK shares. Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group initiated coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.05.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Performance

Shares of Autodesk stock opened at $303.77 on Friday. The firm has a market capitalization of $65.31 billion, a P/E ratio of 60.27, a PEG ratio of 3.62 and a beta of 1.43. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average price of $296.76 and a 200 day moving average price of $263.94.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Company Profile

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.