TD Asset Management Inc Has $54.96 Million Position in Autodesk, Inc. $ADSK

TD Asset Management Inc lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 27.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 185,658 shares of the software company’s stock after purchasing an additional 39,790 shares during the quarter. TD Asset Management Inc’s holdings in Autodesk were worth $54,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADSK. Brighton Jones LLC grew its holdings in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC grew its holdings in Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. acquired a new stake in Autodesk during the 2nd quarter worth $466,000. Baird Financial Group Inc. grew its holdings in Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after acquiring an additional 701 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp lowered their target price on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. DA Davidson reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Wells Fargo & Company decreased their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Loop Capital decreased their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Insider Activity

In related news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Autodesk Price Performance

Shares of ADSK stock opened at $229.96 on Friday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The company has a quick ratio of 0.85, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $237.72 and a 200-day moving average of $258.17.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current year.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.