Fri Sep 20 12:38:58 UTC 2024: ## Edgestream Partners Invests in Autodesk, Institutional Interest High

**San Francisco, CA – September 20, 2024:** Edgestream Partners L.P. has joined the growing list of institutional investors showing confidence in Autodesk, Inc. (NASDAQ:ADSK). The firm purchased 6,282 shares of the software company during the second quarter, representing a new stake valued at approximately $1,554,000.

This investment follows a trend of institutional investors adjusting their positions in Autodesk. TD Asset Management Inc. significantly boosted its holdings by 153.0% in the fourth quarter, now owning 384,380 shares valued at $93,589,000. Other notable investors like Cambridge Investment Research Advisors Inc. and Nomura Asset Management Co. Ltd. also increased their stakes during the same period.

Analysts remain positive about Autodesk’s future. Royal Bank of Canada upgraded its price target to $313.00, citing an “outperform” rating. Berenberg Bank, KeyCorp, Mizuho, and Morgan Stanley also issued positive reports with increased price targets. Currently, the stock holds a “Moderate Buy” consensus rating with an average price target of $292.17.

Autodesk reported strong second-quarter earnings, exceeding analyst expectations with $2.15 EPS and $1.51 billion in revenue. The company’s revenue growth was 11.9% year-over-year.

While insider transactions show some selling activity, institutional investors seem confident in Autodesk’s continued growth. The company, known for its 3D design, engineering, and entertainment technology solutions, continues to be a key player in its industry.

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