Autodesk, Inc. (NASDAQ:ADSK) Stake Increased by Nomura Holdings Inc.

Nomura Holdings Inc. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,200 shares of the software company’s stock after purchasing an additional 1,098 shares during the quarter. Nomura Holdings Inc.’s holdings in Autodesk were worth $5,971,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. NorthRock Partners LLC bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $804,000. Lazard Asset Management LLC increased its position in Autodesk by 6.0% during the fourth quarter. Lazard Asset Management LLC now owns 590,571 shares of the software company’s stock worth $174,553,000 after acquiring an additional 33,342 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Autodesk by 1.7% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 5,837 shares of the software company’s stock valued at $1,725,000 after buying an additional 96 shares during the last quarter. Lighthouse Investment Partners LLC raised its holdings in Autodesk by 10.0% in the 4th quarter. Lighthouse Investment Partners LLC now owns 10,599 shares of the software company’s stock valued at $3,133,000 after acquiring an additional 963 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock worth $652,127,000 after purchasing an additional 670,699 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 0.1%

NASDAQ ADSK opened at $295.78 on Friday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50 day moving average price is $266.67 and its two-hundred day moving average price is $286.38. The stock has a market capitalization of $63.28 billion, a price-to-earnings ratio of 58.69, a PEG ratio of 2.94 and a beta of 1.47.

Insider Activity

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Morgan Stanley cut their price target on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird decreased their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Oppenheimer reissued an “outperform” rating on shares of Autodesk in a research note on Thursday, April 24th. Scotiabank dropped their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Finally, Stifel Nicolaus cut their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $321.36.

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.