Autodesk Inc ( ADSK ) shares are moving lower in extended trading on Wednesday following a report that the company is considering a takeover of a competing engineering-software provider.

What To Know: Autodesk ( ADSK ) is working with advisors as it weighs a potential acquisition of PTC Inc ( PTC ) in a deal that would involve a mix of cash and stock, according to Bloomberg.

People familiar with the matter said PTC has also received buyer interest from other companies in the industry. A final decision has not been made and there is no certainty that Autodesk ( ADSK ) will end up making an offer.

PTC had a market cap of approximately $21.5 billion as of Tuesday’s close. The stock surged 17.6% in afternoon trading on Wednesday, closing the day at 52-week highs of $210.47, according to Benzinga Pro.

How To Buy ADSK Stock

By now, you're likely curious about how to participate in the market for Autodesk ( ADSK ), be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading; either way, it allows you to profit from the share price decline.

ADSK Price Action: AutoDesk ( ADSK ) shares fell 2.43% during normal trading hours on Wednesday. The stock was down another 2.37%, trading at $300 in after-hours at the time of publication, per Benzinga Pro data.

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