Nomura Asset Management Co. Ltd. Has $24.87 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Nomura Asset Management Co. Ltd. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,270 shares of the software company's stock after purchasing an additional 6,489 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Autodesk were worth $24,868,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Autodesk by 34.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,045 shares of the software company's stock valued at $753,000 after purchasing an additional 788 shares in the last quarter. ORG Partners LLC increased its stake in shares of Autodesk by 116.7% in the second quarter. ORG Partners LLC now owns 143 shares of the software company's stock worth $35,000 after buying an additional 77 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Autodesk by 94.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company's stock valued at $34,000 after acquiring an additional 66 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Autodesk by 3.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,593 shares of the software company's stock valued at $396,000 after acquiring an additional 53 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Autodesk during the 2nd quarter worth $241,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. Morgan Stanley increased their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Robert W. Baird increased their target price on Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Piper Sandler lifted their target price on Autodesk from $257.00 to $311.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Berenberg Bank lifted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a report on Friday, August 30th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $316.68.

Autodesk Price Performance

Autodesk stock traded up $3.47 during trading hours on Wednesday, hitting $307.46. 1,261,713 shares of the company traded hands, compared to its average volume of 1,591,560. The firm's 50-day simple moving average is $294.55 and its two-hundred day simple moving average is $262.32. The firm has a market cap of $66.10 billion, a P/E ratio of 60.87, a P/E/G ratio of 3.63 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Profile

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.