Nissay Asset Management Corp Japan ADV Increases Position in Autodesk, Inc. (NASDAQ:ADSK)

Nissay Asset Management Corp Japan ADV increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,678 shares of the software company's stock after purchasing an additional 4,294 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Autodesk were worth $29,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Wealth Enhancement Advisory Services LLC raised its holdings in Autodesk by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,045 shares of the software company's stock valued at $4,696,000 after acquiring an additional 106 shares during the period. Czech National Bank raised its holdings in Autodesk by 6.2% during the fourth quarter. Czech National Bank now owns 46,617 shares of the software company's stock valued at $13,779,000 after acquiring an additional 2,729 shares during the period. Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. Wedmont Private Capital raised its holdings in Autodesk by 3.7% during the fourth quarter. Wedmont Private Capital now owns 3,574 shares of the software company's stock valued at $1,018,000 after acquiring an additional 128 shares during the period. Finally, Cooper Financial Group raised its holdings in Autodesk by 9.6% during the fourth quarter. Cooper Financial Group now owns 1,921 shares of the software company's stock valued at $568,000 after acquiring an additional 168 shares during the period. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Scotiabank reduced their target price on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $321.32.

Autodesk Trading Up 0.8%

ADSK traded up $2.30 on Friday, hitting $298.08. The company had a trading volume of 1,901,492 shares, compared to its average volume of 1,622,687. The company has a market cap of $63.77 billion, a PE ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business's fifty day simple moving average is $267.62 and its 200 day simple moving average is $286.44.

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.