TD Asset Management Inc. Has $7.03 Million Position in Autodesk, Inc. (ADSK)
TD Asset Management Inc. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 69,730 shares of the software company’s stock after selling 5,561 shares during the period. TD Asset Management Inc.’s holdings in Autodesk were worth $7,030,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Macquarie Group Ltd. increased its position in Autodesk by 4,046.3% in the fourth quarter. Macquarie Group Ltd. now owns 49,755 shares of the software company’s stock worth $3,682,000 after buying an additional 48,555 shares during the period. Creative Planning increased its position in Autodesk by 18.8% in the first quarter. Creative Planning now owns 6,108 shares of the software company’s stock worth $528,000 after buying an additional 968 shares during the period. Bank of Montreal Can increased its position in Autodesk by 43.4% in the first quarter. Bank of Montreal Can now owns 103,597 shares of the software company’s stock worth $8,958,000 after buying an additional 31,331 shares during the period. Fox Run Management L.L.C. bought a new position in Autodesk during the first quarter worth $378,000. Finally, DnB Asset Management AS increased its position in Autodesk by 8.2% in the first quarter. DnB Asset Management AS now owns 19,828 shares of the software company’s stock worth $1,715,000 after buying an additional 1,500 shares during the period. 97.73% of the stock is currently owned by institutional investors.
Autodesk, Inc. (NASDAQ:ADSK) opened at 110.49 on Thursday. Autodesk, Inc. has a one year low of $62.60 and a one year high of $115.25. The company’s market capitalization is $24.35 billion. The stock’s 50 day moving average is $107.56 and its 200 day moving average is $96.68.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.08. The company had revenue of $485.70 million for the quarter, compared to analysts’ expectations of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. Autodesk’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. On average, analysts anticipate that Autodesk, Inc. will post ($0.56) earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on ADSK shares. Evercore ISI reissued a “buy” rating and issued a $96.00 price target on shares of Autodesk in a research note on Wednesday, April 19th. Credit Suisse Group started coverage on Autodesk in a research note on Thursday, April 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley raised Autodesk from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $69.00 to $115.00 in a research note on Monday, May 1st. Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Pacific Crest reissued an “overweight” rating and issued a $105.00 price target on shares of Autodesk in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $105.05.
In related news, Director Betsy Rafael sold 2,354 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carl Bass sold 13,377 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $99.95, for a total transaction of $1,337,031.15. The disclosure for this sale can be found here. Insiders have sold a total of 167,705 shares of company stock worth $17,590,771 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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