Nomura Holdings Inc. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,559 shares of the software company’s stock after selling 2,317 shares during the quarter. Nomura Holdings Inc.’s holdings in Autodesk were worth $4,817,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Access Investment Management LLC acquired a new position in Autodesk during the 2nd quarter worth about $28,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the second quarter worth approximately $31,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Hilltop National Bank acquired a new stake in Autodesk during the 2nd quarter valued at approximately $31,000. Finally, Flaharty Asset Management LLC bought a new position in Autodesk during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
Insider Activity
In related news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $2.17 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on ADSK shares. Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the stock from $345.00 to $375.00 in a research note on Wednesday, November 26th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Macquarie upped their target price on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group raised their target price on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, KeyCorp boosted their price target on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $369.77.
Check Out Our Latest Analysis on ADSK
Autodesk Company 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.
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