Autodesk, Inc. (NASDAQ:ADSK) Position Increased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 289,437 shares of the software company’s stock after acquiring an additional 45,732 shares during the quarter. ProShare Advisors LLC owned 0.13% of Autodesk worth $85,549,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position 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 valued at $2,394,000 after purchasing an additional 5,365 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Autodesk during the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. increased its position 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 valued at $88,711,000 after purchasing an additional 60,963 shares during the period. GAM Holding AG acquired a new position in shares of Autodesk during the 4th quarter valued at $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $38,205,000 after purchasing an additional 9,877 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Citigroup decreased their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays decreased their target price on Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. KeyCorp decreased their target price on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $321.36.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.1%

Shares of ADSK stock opened at $295.78 on Friday. The company’s fifty day simple moving average is $266.67 and its two-hundred day simple moving average is $286.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock has a market capitalization of $63.28 billion, a price-to-earnings ratio of 58.69, a PEG ratio of 2.94 and a beta of 1.47.

About Autodesk

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.