TD Asset Management Inc Increases Position in Autodesk, Inc. $ADSK

Key Points

• TD Asset Management Inc has increased its holdings in Autodesk, Inc. by 26.1%, acquiring a total of 140,939 shares valued at approximately $43.63 million.
• Autodesk reported $1.46 earnings per share for the last quarter, missing estimates of $2.45, despite a 17.1% year-over-year revenue growth.
• Several analysts have increased their price targets for Autodesk, with Morgan Stanley raising it from $370.00 to $385.00 and maintaining an "overweight" rating.

TD Asset Management Inc raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,939 shares of the software company's stock after buying an additional 29,181 shares during the period. TD Asset Management Inc owned about 0.07% of Autodesk worth $43,630,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Beacon Financial Group lifted its holdings in shares of Autodesk by 3.0% during the 2nd quarter. Beacon Financial Group now owns 1,130 shares of the software company's stock valued at $350,000 after purchasing an additional 33 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock valued at $386,000 after purchasing an additional 34 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after purchasing an additional 37 shares during the last quarter. Oregon Pacific Wealth Management LLC lifted its holdings in shares of Autodesk by 4.0% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after purchasing an additional 38 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company's stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of ADSK opened at $299.82 on Friday. The business's 50-day moving average is $308.63 and its two-hundred day moving average is $295.26. The company has a market capitalization of $63.86 billion, a P/E ratio of 62.07, a P/E/G ratio of 2.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity

In other news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADSK shares. Morgan Stanley upped their target price on Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a research report on Sunday, August 31st. Wall Street Zen downgraded Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Piper Sandler upped their target price on Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on Autodesk in a research report on Monday, September 1st. Finally, UBS Group upped their target price on Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $359.13.

Autodesk 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.

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