Daiwa Securities Group Inc. Has $24.24 Million Position in Autodesk, Inc. $ADSK

Daiwa Securities Group Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,679 shares of the software company’s stock after buying an additional 5,261 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Autodesk were worth $24,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moss Adams Wealth Advisors LLC grew its holdings in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after purchasing an additional 41 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Autodesk by 6.2% during the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after purchasing an additional 44 shares during the last quarter. Smithfield Trust Co boosted its position in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares in the last quarter. Calydon Capital boosted its position in Autodesk by 1.7% in the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after buying an additional 45 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADSK shares. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Citigroup increased their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Morgan Stanley dropped their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company cut their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Price Performance

Shares of ADSK stock opened at $251.66 on Friday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The firm’s 50 day moving average is $216.31 and its 200-day moving average is $232.28. The firm has a market capitalization of $53.10 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

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.