Autodesk, Inc. (ADSK) Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 65,779 shares of the software company’s stock after purchasing an additional 12,885 shares during the quarter. Toronto Dominion Bank’s holdings in Autodesk were worth $6,630,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ADSK. Thrivent Financial For Lutherans increased its position in Autodesk by 6.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,250 shares of the software company’s stock valued at $626,000 after purchasing an additional 410 shares during the period. Dimensional Fund Advisors LP increased its position in Autodesk by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 324,071 shares of the software company’s stock valued at $28,022,000 after purchasing an additional 19,439 shares during the period. AQR Capital Management LLC increased its position in Autodesk by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 86,260 shares of the software company’s stock valued at $7,459,000 after purchasing an additional 1,286 shares during the period. Credit Suisse AG increased its position in Autodesk by 11.9% during the 1st quarter. Credit Suisse AG now owns 450,113 shares of the software company’s stock valued at $38,921,000 after purchasing an additional 47,956 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Autodesk by 34.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,565 shares of the software company’s stock valued at $568,000 after purchasing an additional 1,665 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

ADSK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Evercore ISI set a $115.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, July 19th. Deutsche Bank AG began coverage on shares of Autodesk in a research report on Wednesday, July 19th. They set a “buy” rating and a $130.00 target price for the company. Finally, Cowen and Company raised their price objective on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Autodesk has an average rating of “Buy” and an average price target of $118.26.

COPYRIGHT VIOLATION WARNING: “Autodesk, Inc. (ADSK) Holdings Increased by Toronto Dominion Bank” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/19/autodesk-inc-adsk-holdings-increased-by-toronto-dominion-bank.html.

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded down 0.48% during trading on Thursday, reaching $117.97. The company’s stock had a trading volume of 161,102 shares. Autodesk, Inc. has a one year low of $67.15 and a one year high of $119.84. The firm’s market cap is $25.86 billion. The stock’s 50 day moving average is $114.78 and its 200 day moving average is $105.79.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.

In other news, Director Lorrie M. Norrington sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The transaction was disclosed in a legal filing with the SEC,

A number of other large investors have also recently added to or reduced their stakes in ADSK. Thrivent Financial For Lutherans increased its position in Autodesk by 6.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,250 shares of the software company’s stock valued at $626,000 after purchasing an additional 410 shares during the period. Dimensional Fund Advisors LP increased its position in Autodesk by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 324,071 shares of the software company’s stock valued at $28,022,000 after purchasing an additional 19,439 shares during the period. AQR Capital Management LLC increased its position in Autodesk by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 86,260 shares of the software company’s stock valued at $7,459,000 after purchasing an additional 1,286 shares during the period. Credit Suisse AG increased its position in Autodesk by 11.9% during the 1st quarter. Credit Suisse AG now owns 450,113 shares of the software company’s stock valued at $38,921,000 after purchasing an additional 47,956 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Autodesk by 34.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,565 shares of the software company’s stock valued at $568,000 after purchasing an additional 1,665 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

ADSK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Evercore ISI set a $115.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, July 19th. Deutsche Bank AG began coverage on shares of Autodesk in a research report on Wednesday, July 19th. They set a “buy” rating and a $130.00 target price for the company. Finally, Cowen and Company raised their price objective on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Autodesk has an average rating of “Buy” and an average price target of $118.26.

COPYRIGHT VIOLATION WARNING: “Autodesk, Inc. (ADSK) Holdings Increased by Toronto Dominion Bank” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/19/autodesk-inc-adsk-holdings-increased-by-toronto-dominion-bank.html.

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded down 0.48% during trading on Thursday, reaching $117.97. The company’s stock had a trading volume of 161,102 shares. Autodesk, Inc. has a one year low of $67.15 and a one year high of $119.84. The firm’s market cap is $25.86 billion. The stock’s 50 day moving average is $114.78 and its 200 day moving average is $105.79.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.

In other news, Director Lorrie M. Norrington sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,212 shares of company stock worth $6,742,238. Insiders own 6.10% of the company’s stock.

About Autodesk

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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