ProShare Advisors LLC Buys 7,274 Shares of Autodesk, Inc. $ADSK

ProShare Advisors LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,101 shares of the software company’s stock after purchasing an additional 7,274 shares during the quarter. ProShare Advisors LLC’s holdings in Autodesk were worth $52,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP raised its position in shares of Autodesk by 17.8% during the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares during the last quarter. Deutsche Bank AG bought a new position in Autodesk in the second quarter valued at about $322,851,000. Green Alpha Advisors LLC bought a new position in Autodesk in the second quarter valued at about $561,000. Seilern Investment Management Ltd increased its position in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after purchasing an additional 22,547 shares during the period. Finally, State Street Corp increased its position in Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after purchasing an additional 284,621 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADSK. Argus reissued a “buy” rating and set a $355.00 price objective on shares of Autodesk in a report on Wednesday, September 2nd. BNP Paribas Exane raised their target price on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday, August 31st. Weiss Ratings raised shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, Barclays restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Price Performance

Autodesk stock opened at $249.61 on Monday. The firm has a market capitalization of $52.17 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.65 and a beta of 1.27. The company’s 50 day simple moving average is $232.45 and its 200 day simple moving average is $234.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 9.70 EPS for the current year.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.