Nomura Asset Management Co. Ltd. grew its position in Autodesk (NASDAQ:ADSK) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,508 shares of the software company’s stock after acquiring an additional 1,167 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Autodesk were worth $2,988,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Autodesk by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,430,659 shares of the software company’s stock valued at $254,303,000 after acquiring an additional 91,011 shares during the period. Meritage Group LP boosted its holdings in shares of Autodesk by 3,910.0% during the 3rd quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after buying an additional 2,187,774 shares during the period. Iridian Asset Management LLC CT boosted its holdings in shares of Autodesk by 3.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,876,485 shares of the software company’s stock worth $196,712,000 after buying an additional 68,904 shares during the period. Parnassus Investments CA boosted its holdings in shares of Autodesk by 100.0% during the 4th quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock worth $188,694,000 after buying an additional 900,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Autodesk by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,591,638 shares of the software company’s stock worth $166,852,000 after buying an additional 4,900 shares during the period. 95.14% of the stock is owned by institutional investors.
Several analysts recently commented on ADSK shares. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, December 20th. OTR Global raised shares of Autodesk to a “positive” rating in a report on Monday, February 5th. KeyCorp lifted their target price on shares of Autodesk from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, March 29th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Autodesk in a report on Wednesday, March 7th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $141.52.
Shares of Autodesk stock opened at $125.75 on Friday. The stock has a market capitalization of $27,836.81, a price-to-earnings ratio of -78.59 and a beta of 1.71. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -6.20. Autodesk has a twelve month low of $83.55 and a twelve month high of $141.26.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $544.74 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.28) EPS. equities research analysts expect that Autodesk will post -0.03 EPS for the current fiscal year.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total value of $199,665.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven M. Blum sold 20,458 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total transaction of $2,528,608.80. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock valued at $6,094,232 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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