Brooklyn Investment Group Purchases 234 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Brooklyn Investment Group raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 19.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in Autodesk in the first quarter worth about $25,000. LRI Investments LLC purchased a new stake in Autodesk in the first quarter worth about $26,000. Olistico Wealth LLC purchased a new stake in Autodesk in the second quarter worth about $26,000. Pacifica Partners Inc. increased its position in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the third quarter worth about $27,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is currently owned by company insiders.

Autodesk Price Performance

Shares of ADSK stock opened at $317.96 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average price of $288.49 and a 200 day moving average price of $256.59. The firm has a market capitalization of $68.36 billion, a P/E ratio of 65.02, a P/E/G ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ADSK shares. Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and increased their target price for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Barclays increased their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Scotiabank started coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $309.43.

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.