Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,854 shares of the software company’s stock after selling 15,263 shares during the period. Daiwa Securities Group Inc.’s holdings in Autodesk were worth $14,817,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of ADSK. Bouvel Investment Partners LLC grew its stake in shares of Autodesk by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after purchasing an additional 44 shares during the period. Venturi Wealth Management LLC increased its holdings in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after buying an additional 45 shares in the last quarter. Goodman Advisory Group LLC raised its position in shares of Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after acquiring an additional 49 shares during the period. Curbstone Financial Management Corp boosted its stake in shares of Autodesk by 0.5% during the 4th quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock worth $2,376,000 after acquiring an additional 50 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its stake in shares of Autodesk by 8.7% during the 1st quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock worth $136,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $210.92 on Thursday. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The stock has a market cap of $45.12 billion, a PE ratio of 51.05, a P/E/G ratio of 3.14 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The stock has a 50 day moving average price of $253.88 and a 200 day moving average price of $235.09.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. Rosenblatt Securities lifted their price target on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets boosted their price objective on Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Piper Sandler Companies increased their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Finally, Piper Sandler increased their price objective on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $272.44.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,220 shares of company stock valued at $11,933,231. 0.14% of the stock is owned by company insiders.

About Autodesk

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.