ProShare Advisors LLC Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

ProShare Advisors LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,437 shares of the software company's stock after buying an additional 45,732 shares during the quarter. ProShare Advisors LLC owned approximately 0.13% of Autodesk worth $85,549,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. grew its holdings in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after purchasing an additional 5,365 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Autodesk during the 4th quarter worth $13,906,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after purchasing an additional 60,963 shares during the period. GAM Holding AG purchased a new position in shares of Autodesk during the 4th quarter worth $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Autodesk by 8.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company's stock worth $38,205,000 after purchasing an additional 9,877 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Morgan Stanley decreased their target price on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Mizuho decreased their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Robert W. Baird increased their target price on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $321.32.

Autodesk Stock Performance

NASDAQ:ADSK traded down $2.18 during mid-day trading on Monday, reaching $295.90. 1,635,002 shares of the stock were exchanged, compared to its average volume of 1,622,936. The company has a 50 day simple moving average of $267.62 and a 200-day simple moving average of $286.44. The stock has a market capitalization of $63.31 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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.