Hurley Capital LLC Buys Shares of 147 Autodesk, Inc. (NASDAQ:ADSK)

Hurley Capital LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 147 shares of the software company’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth about $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk in the 4th quarter valued at $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk during the fourth quarter worth $37,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ADSK shares. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Robert W. Baird cut their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Morgan Stanley upped their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Stock Performance

Shares of Autodesk stock opened at $245.51 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The stock’s 50-day moving average is $280.12 and its 200-day moving average is $288.20. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

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.