ProShare Advisors LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,411 shares of the software company’s stock after buying an additional 32,019 shares during the period. ProShare Advisors LLC’s holdings in Autodesk were worth $68,827,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Autodesk by 4.4% during the fourth quarter. State of Alaska Department of Revenue now owns 39,059 shares of the software company’s stock worth $11,925,000 after buying an additional 1,645 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Autodesk by 17.0% during the fourth quarter. IFM Investors Pty Ltd now owns 21,089 shares of the software company’s stock worth $6,439,000 after buying an additional 3,062 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Autodesk by 4.6% during the fourth quarter. Sei Investments Co. now owns 161,564 shares of the software company’s stock worth $49,400,000 after buying an additional 7,116 shares in the last quarter. Comerica Bank increased its holdings in shares of Autodesk by 1.5% during the fourth quarter. Comerica Bank now owns 63,484 shares of the software company’s stock worth $18,992,000 after buying an additional 961 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $2,096,000. 89.41% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Autodesk from $265.00 to $300.00 in a report on Wednesday, November 25th. JPMorgan Chase & Co. raised shares of Autodesk from an “underweight” rating to an “overweight” rating and raised their price target for the company from $239.00 to $345.00 in a report on Wednesday, December 9th. KeyCorp raised their price target on shares of Autodesk from $310.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, January 5th. They noted that the move was a valuation call. Mizuho raised their price target on shares of Autodesk from $290.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, December 16th. Finally, Argus raised their price target on shares of Autodesk from $295.00 to $360.00 in a report on Friday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $288.71.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Monday, November 23rd. The software company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. The business had revenue of $952.40 million for the quarter, compared to analysts’ expectations of $940.00 million. Autodesk had a net margin of 11.74% and a negative return on equity of 1,423.72%. During the same period in the previous year, the firm posted $0.78 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 2.42 EPS for the current fiscal year.
Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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