Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,465 shares of the software company’s stock after acquiring an additional 234 shares during the quarter. Brooklyn Investment Group’s holdings in Autodesk were worth $404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $26,000. Olistico Wealth LLC acquired a new position in shares of Autodesk in the 2nd quarter valued at about $26,000. Pacifica Partners Inc. lifted its holdings in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 15th. BMO Capital Markets upped their price target on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Berenberg Bank upped their price target on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Robert W. Baird upped their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Citigroup upped their price target on Autodesk from $325.00 to $358.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $309.43.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 0.4 %

Shares of ADSK stock opened at $317.96 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $68.36 billion, a PE ratio of 65.02, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47. The company has a 50-day moving average of $288.49 and a two-hundred day moving average of $256.59. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. On average, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

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.