ProShare Advisors LLC Raises Position in Autodesk, Inc. $ADSK

ProShare Advisors LLC grew its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,245 shares of the software company’s stock after acquiring an additional 100,216 shares during the period. ProShare Advisors LLC’s holdings in Autodesk were worth $112,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk during the third quarter worth about $25,000. Torren Management LLC purchased a new stake in Autodesk during the fourth quarter worth about $25,000. Archer Investment Corp boosted its holdings in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in Autodesk during the third quarter worth about $46,000. Finally, High Point Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

Autodesk Stock Up 0.3%

Shares of NASDAQ ADSK opened at $244.16 on Wednesday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a market capitalization of $51.55 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50-day moving average is $240.62 and its two-hundred day moving average is $263.55.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the topic of a number of research analyst reports. Arete Research decreased their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Wolfe Research boosted their price objective on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Wells Fargo & Company reduced their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price target (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Finally, Barclays reduced their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $333.07.

Read Our Latest Report on ADSK

Autodesk Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.