Daiwa Securities Group Inc. Increases Holdings in Autodesk, Inc. $ADSK

Daiwa Securities Group Inc. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 112,125 shares of the software company’s stock after purchasing an additional 9,772 shares during the period. Daiwa Securities Group Inc.’s holdings in Autodesk were worth $33,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth about $25,000. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp lifted its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the period. iSAM Funds UK Ltd acquired a new stake in Autodesk during the 3rd quarter worth approximately $46,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Autodesk Stock Performance

Shares of ADSK stock opened at $229.96 on Friday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The business has a 50 day simple moving average of $237.72 and a 200 day simple moving average of $258.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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, equities research analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current year.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADSK shares. Citigroup raised their price objective on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. DA Davidson restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Friday, May 29th. Royal Bank Of Canada reduced their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Autodesk in a research note on Wednesday. Finally, Barclays dropped their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Company 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.