Nomura Asset Management Co. Ltd. Acquires 6,489 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,270 shares of the software company’s stock after purchasing an additional 6,489 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Autodesk were worth $24,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADSK. Starboard Value LP bought a new stake in shares of Autodesk in the third quarter valued at about $510,189,000. Ninety One UK Ltd raised its holdings in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Autodesk by 100.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after purchasing an additional 825,165 shares during the period. Point72 Asset Management L.P. increased its holdings in Autodesk by 366.5% during the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after buying an additional 662,339 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after buying an additional 566,826 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 1.5 %

Shares of ADSK stock opened at $303.99 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market capitalization of $65.36 billion, a PE ratio of 60.32, a P/E/G ratio of 3.63 and a beta of 1.43. The stock’s 50-day simple moving average is $293.82 and its 200-day simple moving average is $261.69.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the firm posted $1.33 EPS. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,936 shares of company stock worth $549,333 over the last three months. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Friday, November 29th. Morgan Stanley boosted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Oppenheimer raised their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Citigroup boosted their price objective on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.68.

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.