Nomura Holdings Inc. Has $5.97 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Nomura Holdings Inc. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,200 shares of the software company's stock after purchasing an additional 1,098 shares during the quarter. Nomura Holdings Inc.'s holdings in Autodesk were worth $5,971,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust boosted its stake in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after acquiring an additional 37 shares during the period. Journey Strategic Wealth LLC boosted its stake in Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Autodesk Stock Down 0.7%

NASDAQ:ADSK traded down $2.18 during trading hours on Monday, hitting $295.90. 1,635,002 shares of the stock traded hands, compared to its average volume of 1,622,936. The firm has a 50 day moving average price of $267.62 and a 200 day moving average price of $286.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market cap of $63.31 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.94 and a beta of 1.47.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADSK. Barclays reduced their price objective on Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird boosted their price objective on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday. DA Davidson reduced their price objective on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $321.32.

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.