Toronto Dominion Bank lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 134,411 shares of the software company’s stock after selling 8,358 shares during the period. Toronto Dominion Bank’s holdings in Autodesk were worth $21,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADSK. Geode Capital Management LLC lifted its position in Autodesk by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock valued at $368,471,000 after purchasing an additional 214,397 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Autodesk by 24.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 14,887 shares of the software company’s stock valued at $2,319,000 after purchasing an additional 2,883 shares during the last quarter. Cornerstone Advisors Inc. lifted its position in Autodesk by 16.1% in the first quarter. Cornerstone Advisors Inc. now owns 822 shares of the software company’s stock valued at $128,000 after purchasing an additional 114 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Autodesk by 1.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 37,559 shares of the software company’s stock valued at $5,852,000 after purchasing an additional 500 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Autodesk by 1.9% during the first quarter. CIBC Asset Management Inc now owns 30,479 shares of the software company’s stock valued at $4,749,000 after acquiring an additional 573 shares in the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.

ADSK traded down $0.86 during trading on Friday, reaching $154.83. The stock had a trading volume of 51,180 shares, compared to its average volume of 3,139,753. The stock’s 50 day moving average is $149.71 and its two-hundred day moving average is $161.69. The company has a market capitalization of $32.51 billion, a price-to-earnings ratio of 1,407.27, a P/E/G ratio of 2.58 and a beta of 1.84. Autodesk, Inc. has a one year low of $117.72 and a one year high of $178.95.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $796.80 million during the quarter, compared to the consensus estimate of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. Autodesk’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Research analysts predict that Autodesk, Inc. will post 1.51 EPS for the current year.

In other Autodesk news, CAO Stephen W. Hope sold 263 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.02, for a total value of $39,718.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 2,434 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $169.47, for a total value of $412,489.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,736 shares of company stock worth $774,024. Insiders own 0.12% of the company’s stock.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Wedbush restated a “neutral” rating and set a $149.00 target price (down previously from $164.00) on shares of Autodesk in a report on Monday, August 26th. Barclays decreased their target price on Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Griffin Securities decreased their target price on Autodesk from $193.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Finally, Wells Fargo & Co decreased their target price on Autodesk from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $169.48.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

Featured Article: How to Invest in Stocks with Increasing Dividends

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.