Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,666 shares of the software company's stock after purchasing an additional 6,040 shares during the quarter. Toronto Dominion Bank owned 0.06% of Autodesk worth $36,552,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after buying an additional 119,034 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after buying an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after buying an additional 420,838 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Autodesk by 8.7% in the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock worth $704,419,000 after buying an additional 191,666 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 1.0%

Shares of NASDAQ ADSK traded down $2.91 during mid-day trading on Wednesday, hitting $292.93. The company had a trading volume of 1,831,081 shares, compared to its average volume of 1,628,039. The company has a market capitalization of $62.67 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business's 50-day simple moving average is $270.25 and its 200 day simple moving average is $286.61.

Insider Activity

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson lowered their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Oppenheimer reissued an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. Mizuho cut their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, Bank of America increased their price objective on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $323.59.

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.