Brookstone Capital Management increases its stake in Autodesk, Inc. (NASDAQ: ADSK)


Brookstone Capital Management increased its stake in Autodesk, Inc. (NASDAQ: ADSKGet a rating) by 25.2% in Q1, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,099 shares of the software company after purchasing an additional 221 shares during the period. Brookstone Capital Management’s holdings in Autodesk were worth $219,000 when it last filed with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also increased or reduced their stakes in the company. Curi Wealth Management LLC acquired a new stake in Autodesk in the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its stake in Autodesk to 68.4% in Q4. Gradient Investments LLC now owns 96 shares of the software company worth $27,000 after acquiring 39 additional shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Autodesk during the fourth quarter worth $27,000. Equitec Proprietary Markets LLC bought a new position in Autodesk during the fourth quarter worth $33,000. Finally, Harbor Investment Advisory LLC increased its position in Autodesk shares by 76.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 120 shares of the software company valued at $34,000 after buying 52 additional shares during the period. 89.55% of the shares are held by institutional investors.

ADSK opened at $185.87 on Tuesday. The stock has a market capitalization of $40.38 billion, a PE ratio of 84.49 and a beta of 1.43. Autodesk, Inc. has a one-year low of $163.20 and a one-year high of $344.39. The company has a debt ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. The company’s 50-day moving average price is $190.63 and its 200-day moving average price is $219.06.

Autodesk (NASDAQ: ADSKGet a rating) last announced its quarterly results on Thursday, May 26. The software company reported EPS of $1.43 for the quarter, beating the consensus estimate of $1.34 by $0.09. The company posted revenue of $1.17 billion for the quarter, compared to analysts’ estimates of $1.15 billion. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company’s quarterly revenue increased 18.3% year over year. In the same quarter a year earlier, the company posted EPS of $1.03. As a group, equity research analysts expect Autodesk, Inc. to post earnings per share of 3.97 for the current fiscal year.

In other Autodesk news, EVP Rebecca Pearce sold 1,608 shares of Autodesk in a trade dated Tuesday, May 31. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the sale, the executive vice president now directly owns 19,325 shares of the company, valued at $4,016,894.50. The sale was disclosed in an SEC filing, which is available via this hyperlink. Insiders of the company hold 0.11% of the shares of the company.

ADSK has been the subject of several research analyst reports. TheStreet upgraded Autodesk from a “b-” to a “c+” rating in a Tuesday, March 8 report. StockNews.com upgraded Autodesk from a “hold” rating to a “buy” rating in a Thursday, June 2 research report. OTR Global raised Autodesk to a “positive” rating in a Thursday, May 5 report. Robert W. Baird raised his target price on Autodesk stock from $255.00 to $260.00 in a Friday, May 27 report. Finally, Stifel Europe cut its price target on Autodesk shares from $310.00 to $285.00 and placed a “buy” rating on the stock in a Monday, February 28 research note. One equity research analyst has assigned the stock a sell rating, three have issued a hold rating and sixteen have assigned the stock a buy rating. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.74.

Autodesk Profile (Get a rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.

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Institutional ownership by quarter for Autodesk (NASDAQ:ADSK)



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