Daiwa Securities Group Inc. Has $29.53 Million Stock Holdings in Autodesk, Inc. $ADSK

Daiwa Securities Group Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,396 shares of the software company’s stock after acquiring an additional 3,031 shares during the period. Daiwa Securities Group Inc.’s holdings in Autodesk were worth $29,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Certuity LLC lifted its position in Autodesk by 6.3% during the 2nd quarter. Certuity LLC now owns 1,189 shares of the software company’s stock valued at $368,000 after purchasing an additional 70 shares during the period. Crestmont Private Wealth LLC lifted its holdings in Autodesk by 2.3% in the second quarter. Crestmont Private Wealth LLC now owns 1,882 shares of the software company’s stock valued at $583,000 after buying an additional 43 shares during the period. L2 Asset Management LLC boosted its stake in Autodesk by 5.1% in the second quarter. L2 Asset Management LLC now owns 961 shares of the software company’s stock valued at $297,000 after acquiring an additional 47 shares during the last quarter. Vega Investment Solutions grew its holdings in Autodesk by 229.9% during the 2nd quarter. Vega Investment Solutions now owns 2,237 shares of the software company’s stock worth $693,000 after acquiring an additional 1,559 shares during the period. Finally, Bank of Nova Scotia grew its holdings in Autodesk by 117.5% during the 2nd quarter. Bank of Nova Scotia now owns 189,700 shares of the software company’s stock worth $58,726,000 after acquiring an additional 102,497 shares during the period. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup increased their price target on Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Wolfe Research increased their target price on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Robert W. Baird boosted their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. UBS Group reiterated a “buy” rating and issued a $400.00 price target on shares of Autodesk in a research report on Wednesday, November 26th. Finally, Macquarie lifted their price objective on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $366.16.

Autodesk Trading Down 0.2%

NASDAQ ADSK opened at $300.75 on Wednesday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $63.76 billion, a P/E ratio of 58.28, a P/E/G ratio of 2.45 and a beta of 1.47. The stock’s 50-day moving average is $303.84 and its 200-day moving average is $303.48.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.Autodesk’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director directly owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

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.