TD Waterhouse Canada Inc. Lowers Holdings in Autodesk, Inc. (NASDAQ:ADSK)

TD Waterhouse Canada Inc. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,996 shares of the software company’s stock after selling 721 shares during the period. TD Waterhouse Canada Inc.’s holdings in Autodesk were worth $590,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mount Yale Investment Advisors LLC raised its holdings in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd raised its holdings in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust lifted its position in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after buying an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie reissued an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. DA Davidson decreased their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price objective on Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.36.

Autodesk Trading Down 0.7 %

Shares of NASDAQ:ADSK opened at $269.93 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $57.50 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a 50 day moving average of $264.44 and a 200-day moving average of $286.59.

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.