Murphy & Mullick Capital Management Corp Purchases Shares of 595 Autodesk, Inc. (NASDAQ:ADSK)

Murphy & Mullick Capital Management Corp acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, HoldingsChannel reports. The fund acquired 595 shares of the software company’s stock, valued at approximately $176,000.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Autodesk by 1.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 170,779 shares of the software company’s stock valued at $50,477,000 after purchasing an additional 1,934 shares in the last quarter. Florida Financial Advisors LLC grew its position in shares of Autodesk by 15.6% in the 4th quarter. Florida Financial Advisors LLC now owns 1,191 shares of the software company’s stock valued at $352,000 after buying an additional 161 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Autodesk by 7.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,722 shares of the software company’s stock worth $1,100,000 after acquiring an additional 268 shares in the last quarter. Keystone Investors PTE Ltd. lifted its position in Autodesk by 28.2% in the fourth quarter. Keystone Investors PTE Ltd. now owns 9,850 shares of the software company’s stock valued at $2,911,000 after acquiring an additional 2,165 shares during the last quarter. Finally, TIAA Trust National Association boosted its stake in Autodesk by 3.7% in the fourth quarter. TIAA Trust National Association now owns 2,644 shares of the software company’s stock valued at $782,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.7 %

Autodesk stock opened at $271.21 on Thursday. The stock’s 50 day moving average price is $285.01 and its 200 day moving average price is $288.21. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a market cap of $57.77 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADSK. DA Davidson lifted their target price on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Scotiabank reduced their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. KeyCorp increased their price objective on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.