Autodesk, Inc. $ADSK Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 281,029 shares of the software company’s stock after selling 60,147 shares during the period. ProShare Advisors LLC’s holdings in Autodesk were worth $89,274,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Autodesk in the 2nd quarter valued at about $777,202,000. Rakuten Investment Management Inc. purchased a new position in Autodesk in the third quarter valued at approximately $268,649,000. Geode Capital Management LLC raised its holdings in Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after buying an additional 734,449 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after buying an additional 564,136 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Autodesk by 254.2% during the third quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock worth $214,968,000 after buying an additional 485,661 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.9%

NASDAQ:ADSK opened at $242.53 on Tuesday. The stock has a market cap of $51.42 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day simple moving average is $280.92 and its 200 day simple moving average is $296.63.

Autodesk (NASDAQ:ADSK) last issued 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 return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $2.17 EPS. Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Barclays raised their price objective on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. KeyCorp restated an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Macquarie Infrastructure increased their target price on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, BMO Capital Markets boosted their price target on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.04.

Autodesk Company Profile

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.