Autodesk, Inc. (NASDAQ:ADSK) Stake Reduced by TD Asset Management Inc.

TD Asset Management Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,182 shares of the software company’s stock after selling 29,290 shares during the period. TD Asset Management Inc.’s holdings in Autodesk were worth $102,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after acquiring an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADSK shares. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird dropped their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus reduced their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Price Performance

NASDAQ ADSK opened at $273.08 on Wednesday. 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 stock has a market capitalization of $58.17 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a 50 day moving average price of $285.41 and a two-hundred day moving average price of $288.33.

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.