Autodesk, Inc. (ADSK) Rating Increased to Outperform at Wedbush

Comparative analysis based on Autodesk’s financial results in the last 12 quarters

Autodesk, Inc. (ADSK) stock price ended its day with gain 1.98% and finalized at the value of $95.83.

Barron's had upgraded AutoDesk prior to the earnings to a price target of $120.00 citing the accelerating adoption by customers into the newer subscription model. Evercore ISI's price objective would suggest a potential upside of 20.00% from the company's previous close.

AUTODESK, INC. (ADSK) Earnings Surprise: According to the earnings report released for Quarter Ending_Jan-17, The Company posted actual earnings of $-0.28 per share whereas the Analysts projected earnings were $-0.34 per share. Credit Suisse Group AG started coverage on Autodesk in a research note on Thursday, April 27th.

Autodesk, Inc. (ADSK) stock price distance from twenty day simple moving average surged at 3.21% while its distance from fifty day simple moving average raised 8.24% along with 23.32% above distance from two hundred simple moving averages. The software company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.24) by $0.08. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The average analysts gave this company a mean recommendation of 2.10.

Guggenheim reaffirmed their neutral rating on shares of Autodesk, Inc.

Autodesk, Inc. (ADSK) has a 52-week high of $98.05 and a 52-week low of $49.82. About 2.15 million shares traded or 12.57% up from the average. The company's stock had a trading volume of 2,962,832 shares.

More news: Vietnamese Gov't issues warnings against WannaCry ransomware ransomware

For the Current Quarter, the growth estimate for Autodesk, Inc.is -140%, while for the Next Quarter the stock growth estimate is -400%. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Autodesk by 2,280.7% in the third quarter. The business had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. The company's past year sales total was 511.9 Million.

During last 5 trades the stock sticks nearly 0.44%.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. The stock was sold at an average price of $82.48, for a total transaction of $577,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

On 3/29/2017 Fronzo Pascal W. Di, SVP, sold 6,702 with an average share price of $85.27 per share and the total transaction amounting to $571,479.54. The company has Beta Value of 1.93 and ATR value of 1.7. The disclosure for this sale can be found here. In the last three months, insiders sold 132,067 shares of company stock valued at $11,323,341.

Several large investors have recently made changes to their positions in ADSK. State of Wisconsin Investment Board now owns 294,708 shares of the software company's stock worth $21,316,000 after buying an additional 174,200 shares during the period. Vident Investment Advisory LLC increased its position in Autodesk by 26.5% in the fourth quarter. Seven Bridges Advisors LLC now owns 9,967 shares of the software company's stock worth $721,000 after buying an additional 548 shares during the period.

In other Autodesk news, CEO Andrew Anagnost sold 5,540 shares of Autodesk stock in a transaction on Monday, March 13th. Investors measure stock performance on the basis of a company's earnings power.

Related News:

  • Embattled, Trump laments 'witch hunt' as divisive and distracting

    Embattled, Trump laments 'witch hunt' as divisive and distracting

    Former FBI chief Robert Mueller has been appointed for the post which has been welcomed by politicians of both the parties. I think it divides the country, I think we have a very divided country because of that and many other things.
    The Warriors destroy the Spurs, 136-100

    The Warriors destroy the Spurs, 136-100

    The Warrior bench continued to pour it on, and the game ended with the Warriors just barely pulling out a narrow win: 136-100. Leading the series 2-0, the Warriors head to San Antonio for Game 3 of the Western Conference Finals on Saturday night.

    Trump Russia inquiry: Former FBI boss to lead probe

    In the job, Mueller will have all the same powers as a US attorney, though he will still ultimately report to Rosenstein. Rosenstein has done the right thing", Senate Minority Leader Chuck Schumer of NY said on the Senate floor.
  • US officials criticize Turkey after attack on DC protesters

    US officials criticize Turkey after attack on DC protesters

    She said a bodyguard threatened to kill her. "And this kind of thing can not go unresponded to diplomatically". He also warned that Turkey would respond to any threat posed to it. "There must be consequences", Rep.
    Tom Brady Inks Endorsement Deal With Ashton Martin

    Tom Brady Inks Endorsement Deal With Ashton Martin

    The five-time Super Bowl victor , who turns 40 in August, recently told ESPN that he hopes to at least play another five seasons. Aston Martin has announced that they have begun a long-term partnership with National Football League superstar Tom Brady .
    US imposes sanctions on Venezuela Supreme Court

    US imposes sanctions on Venezuela Supreme Court

    Despite its vast oil reserves, Venezuela is suffering chronic shortages of food, medicine and other basic supplies. Trump's administration has repeatedly raised concerns that Maduro is moving toward one-party, authoritarian rule.
  • Indian migrant worker dies after leaving Qatar World Cup venue

    Indian migrant worker dies after leaving Qatar World Cup venue

    So far, two people have died while working on stadium sites, including a British man who fell to his death at Khalifa Stadium. Pictures of the very first stadium, the Khalifa International, have surfaced online and many have praised its design.
    SRK admission form: Marks don't matter..

    SRK admission form: Marks don't matter..

    Students should understand that the scenario was different back then. "When it's the King of Bollywood, traffic is a must". Surprisingly, one star has been silent all these while allthough his best friend Karan Johar has been part of it.
    Elon Musk Says Tesla Inc Stock Is Overvalued

    Elon Musk Says Tesla Inc Stock Is Overvalued

    Another worker, Michael Sanchez, said he was excited when he was recruited but ended up with two herniated discs in his neck. There's wasn't much upside, however, in how Michael Sanchez, who is on disability leave, described his workweek.
  • Several injured, 1 dead after speeding vehicle drives into Times Square

    Several injured, 1 dead after speeding vehicle drives into Times Square

    Authorities have also ruled out terrorism in connection with the crime. "He's easily, probably going over 40 (mph)", Rivera said. Witnesses said the driver was speeding, seemed to be aiming for pedestrians, appeared to be angry and was yelling.
    Trump's laptop ban on European flights is reportedly 'off the table'

    Trump's laptop ban on European flights is reportedly 'off the table'

    IATA estimates that banning electronics on flights from Europe to the USA would cost travelers more than $ 1 billion . Britain followed with a similar ban applying to incoming flights from six Middle East and North African countries.
    Justice Department appoints special counsel in Russian Federation  investigation

    Justice Department appoints special counsel in Russian Federation investigation

    He said he respected the special counsel appointment but also said it "hurts our country terribly". We know that voters who supported President Donald Trump wanted a shake-up in Washington .


Most liked

Here's everything you need to know about Billboard Music Awards 2017
The Billboard Music Award is an honour given by Billboard , a publication and music popularity chart, covering the music business. Billboard ranks potential winners based on their song sales, streams, radio airplay, live tours and social engagement.

Real Madrid would be deserving La Liga champions - Casemiro
Once again Ronaldo made the difference as he took his tally to 13 goals in his last eight games with early strikes in each half. Then again, they all said the Copa del Rey tie earlier this season was only going to have one victor ....

Britain's Labour launches 'radical, responsible' election manifesto
The election manifesto for the main opposition party published yesterday confirmed numerous promises in a leaked draft last week. The change appears to suggest the Labour vote is continuing to trend upwards as election day looms.

Defending Yourself - and Your Computer - From WannaCry Ransomware
In an attempt to prevent more damage, Microsoft released a security update for Windows XP, Windows 8, and Windows Sever 2003. If you do choose to pay, you need to make sure that they will release your data, and there really isn't a guarantee of that.

Campbell Soup misses by $0.05, misses on revenue
Following the completion of the transaction, the director now directly owns 24,978 shares in the company, valued at $1,432,238.52. Investors may also be paying close concentration to some simple moving average indicators on shares of Gastar Exploration Inc.

Honoring Minnesota officers killed in the line of duty
The color blue is in honor of police officers who have been killed and disabled during the line of duty. This week is National Police Week , a week to honor law enforcement across the country.

Roger Ailes, media guru and political strategist, dies at 77
He played a role in Mr Nixon's successful campaign, as well as for other Republican presidents Ronald Reagan and George Bush Snr. Bill O'Reilly is warmly remembering former Fox News Channel founder Roger Ailes , who died after a fall at his home on May 10.

Accused Times Square driver's troubled past included Navy prison
Photo taken on May 18, 2017 shows the scene of a vehicle crash incident at Times Square in New York City, the United States. Several social media users also alleged Mr Rojas was acting on ISIS instructions for vehicle attacks in built-up areas.

Comey prepared extensively for his conversations with Trump, report says
But O'Sullivan said it was not realistic to expect the Trump administration's justice department to charge the sitting President. The Times noted that the conversations prove that Trump's team knew about the investigation earlier than previously said.

Pakistan Tehreek-e-Insaf blames Sharif for ICJ stay of Jadhav execution
She suspected that the government wanted to hand over Jadhav to India and this was the outcome of Jindal's meeting with the PM. The Vienna Convention has provisions for consular access to accused even in cases of terror and espionage, the court said.

Had anticipated India's victory at ICJ: Harish Salve
India can then go to the Security Council, which may then decide upon measures to be taken to give effect to the judgment. The two leaders thanked senior lawyer Harish Salve, who headed a battery of lawyers presenting Indias case at The Hague.

London City first United Kingdom airport to get remote digital air traffic control
At 900 miles, the distance between the two airports is over 10 times bigger than that separating London City and Swanwick. The control tower in Swanwick will house three people per shift, the same number of controllers now working in London.

Microsoft President Decries Practice of Weaponizing Software Flaws
French carmaker Renault said its plant in the northern town of Douai would not reopen on Monday as it dealt with the cyber-attack. But some organizations didn't apply it, and others were running older versions of Windows that Microsoft no longer supports.

Syrian Kurds plan drive on ISIS hub
In March 2016, family members of USA personnel stationed at Incirlik were ordered to evacuate amid rising security concerns. Earlier this week, President Donald Trump's administration said it would arm the Kurdish elements of the Democratic Forces.

Exclusive Fernando Alonso interview: "I will finish Indy as a better driver"
That said, Alonso isn't yet thinking about making the move to racing in the United States on a more regular basis. De Ferran will certainly help Alonso in any way he can as he gets him ready for his debut race at the Indy 500.