TD Private Client Wealth LLC Increases Holdings in Autodesk, Inc. $ADSK

TD Private Client Wealth LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 28.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,049 shares of the software company’s stock after acquiring an additional 2,198 shares during the period. TD Private Client Wealth LLC’s holdings in Autodesk were worth $3,111,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ADSK. GAMMA Investing LLC increased its stake in Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock valued at $384,985,000 after purchasing an additional 1,465,204 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Autodesk during the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. raised its holdings in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares during the last quarter. AQR Capital Management LLC lifted its position in Autodesk by 336.7% in the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after acquiring an additional 441,571 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Autodesk by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after purchasing an additional 400,514 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Macquarie upped their price target on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley raised their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a report on Sunday, August 31st. Bank of America boosted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Stifel Nicolaus raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Piper Sandler boosted their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $356.83.

Autodesk Stock Down 0.4%

Shares of ADSK stock opened at $323.52 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The stock has a market cap of $68.91 billion, a P/E ratio of 66.98, a P/E/G ratio of 2.88 and a beta of 1.49. The company has a 50 day simple moving average of $304.39 and a two-hundred day simple moving average of $289.48.

Insider Buying and Selling

In related news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,830 shares of company stock valued at $13,123,341. Company insiders own 0.15% of the company’s stock.

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.