Nomura Asset Management Co. Ltd. Acquires 7,205 Shares of Autodesk, Inc. $ADSK

Nomura Asset Management Co. Ltd. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the 4th quarter, HoldingsChannel reports. The firm owned 90,990 shares of the software company’s stock after buying an additional 7,205 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Autodesk were worth $26,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Autodesk by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after purchasing an additional 78,928 shares during the last quarter. Geode Capital Management LLC raised its holdings in Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the period. Norges Bank bought a new position in Autodesk in the 4th quarter valued at about $867,480,000. Amundi lifted its position in Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock worth $881,704,000 after acquiring an additional 79,171 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock worth $799,792,000 after acquiring an additional 10,169 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Zacks upgraded Autodesk (ADSK) to Rank #2 (Buy), signaling improving optimism around earnings prospects and potentially supporting further upside. Article: Autodesk (ADSK) Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $330 price target, implying meaningful upside versus recent trading levels. Article: Autodesk buy rating reaffirmed by Rosenblatt Securities
• Positive Sentiment: Rothschild & Co Redburn also maintained a Buy rating while raising its price target to $360, reinforcing the bullish longer-term view on Autodesk’s shares. Article: Rothschild & Co Redburn adjusts PT on Autodesk
• Neutral Sentiment: Wells Fargo trimmed its price target to $330 from $350 but kept an Overweight rating, suggesting some caution on valuation without turning negative on the stock. Article: Wells Fargo Trims PT On Autodesk (ADSK) to $330
• Neutral Sentiment: Autodesk’s $3.6 billion cash acquisition of MaintainX could expand the company into operations and maintenance software, but it also adds execution and integration risk as investors assess whether the deal will create value. Article: Autodesk’s MaintainX Deal Expands Operations Focus While Shares Trade Lower
• Negative Sentiment: Analysts flagged timeline and business-impact risks tied to the MaintainX transaction, which could pressure sentiment if investors worry the acquisition distracts from Autodesk’s core software business. Article: Autodesk’s MaintainX Deal Faces Timeline Risks and Potential Business Impact

Insider Buying and Selling

In other news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 7.3%

Shares of NASDAQ:ADSK opened at $248.16 on Tuesday. The business’s 50 day simple moving average is $238.53 and its 200 day simple moving average is $259.76. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.85. The company has a market capitalization of $52.40 billion, a P/E ratio of 36.17, a P/E/G ratio of 1.49 and a beta of 1.30.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, research analysts anticipate that Autodesk, Inc. will post 9.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADSK. Morgan Stanley decreased their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Rothschild & Co Redburn dropped their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price target on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. BMO Capital Markets decreased their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.