Autodesk, Inc. $ADSK Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,101 shares of the software company’s stock after buying an additional 7,274 shares during the period. ProShare Advisors LLC owned about 0.12% of Autodesk worth $52,480,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. lifted its holdings in shares of Autodesk by 3.7% during the 3rd quarter. Oakworth Capital Inc. now owns 1,245 shares of the software company’s stock worth $260,000 after acquiring an additional 44 shares during the period. Brookstone Capital Management increased its stake in Autodesk by 2.7% in the third quarter. Brookstone Capital Management now owns 1,718 shares of the software company’s stock valued at $359,000 after acquiring an additional 45 shares during the period. Mather Group LLC. increased its stake in Autodesk by 4.1% in the third quarter. Mather Group LLC. now owns 1,174 shares of the software company’s stock valued at $245,000 after acquiring an additional 46 shares during the period. First Horizon Corp increased its stake in Autodesk by 11.7% in the first quarter. First Horizon Corp now owns 514 shares of the software company’s stock valued at $123,000 after acquiring an additional 54 shares during the period. Finally, Sage Capital Advisors llc raised its position in Autodesk by 0.3% in the third quarter. Sage Capital Advisors llc now owns 20,667 shares of the software company’s stock worth $4,319,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADSK shares. Argus reaffirmed a “buy” rating and set a $355.00 price objective on shares of Autodesk in a report on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $305.00 target price on shares of Autodesk in a report on Thursday, September 17th. Rosenblatt Securities restated a “buy” rating and set a $330.00 target price on shares of Autodesk in a research report on Monday, August 31st. Piper Sandler assumed coverage on Autodesk in a research note on Monday, September 28th. They issued an “overweight” rating and a $300.00 price target on the stock. Finally, Weiss Ratings upgraded Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Price Performance

NASDAQ:ADSK opened at $249.61 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $52.17 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $320.00. The company’s 50-day moving average price is $232.45 and its two-hundred day moving average price is $234.15.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, equities analysts anticipate that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Autodesk 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.