Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 60.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,443 shares of the software company's stock after acquiring an additional 9,940 shares during the quarter. Mizuho Securities USA LLC's holdings in Autodesk were worth $7,318,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADSK. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in Autodesk during the 2nd quarter worth approximately $26,000. Pacifica Partners Inc. increased its position in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Autodesk in the 3rd quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADSK. DA Davidson began coverage on shares of Autodesk in a research report on Friday, September 27th. They issued a "neutral" rating and a $260.00 price objective on the stock. Piper Sandler increased their price objective on shares of Autodesk from $239.00 to $257.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Oppenheimer increased their target price on shares of Autodesk from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Citigroup set a $325.00 target price on shares of Autodesk and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, Rosenblatt Securities increased their target price on shares of Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and an average price target of $296.20.

Autodesk Stock Performance

Shares of ADSK stock traded down $7.50 during mid-day trading on Friday, hitting $299.15. The stock had a trading volume of 2,300,222 shares, compared to its average volume of 1,235,289. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $315.73. The company's 50-day simple moving average is $281.32 and its 200-day simple moving average is $251.50. The firm has a market cap of $64.32 billion, a PE ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now directly owns 31,349 shares of the company's stock, valued at $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

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.