Autodesk, Inc. (NASDAQ:ADSK) Holdings Boosted by Toronto Dominion Bank

Toronto Dominion Bank increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,666 shares of the software company's stock after buying an additional 6,040 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Autodesk worth $36,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ADSK. Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Norges Bank bought a new position in Autodesk in the fourth quarter worth about $632,566,000. Farallon Capital Management LLC bought a new position in Autodesk in the fourth quarter worth about $544,381,000. Janus Henderson Group PLC lifted its holdings in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after acquiring an additional 670,699 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after acquiring an additional 667,763 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

Autodesk Price Performance

Autodesk stock traded down $1.37 during mid-day trading on Friday, hitting $295.63. The company's stock had a trading volume of 4,533,884 shares, compared to its average volume of 1,624,429. 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 $63.25 billion, a P/E ratio of 58.66, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $205.86 and a twelve month high of $326.62. The stock's fifty day moving average price is $274.48 and its two-hundred day moving average price is $286.16.

Analyst Ratings Changes

A number of brokerages have issued reports on ADSK. Royal Bank of Canada reissued an "outperform" rating and issued a $345.00 target price (up previously from $313.03) on shares of Autodesk in a report on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 target price on shares of Autodesk in a report on Tuesday, May 20th. Oppenheimer reissued an "outperform" rating and issued a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Stifel Nicolaus raised their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Bank of America lifted their price target on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $337.45.

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.