Autodesk (ADSK) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Jan 11, 2017.
According to brokerage firms research report , Company shares were Reiterated by Canaccord Genuity on Dec 9, 2016 to “Hold”, Firm has raised the Price Target to $ 95 from a previous price target of $70 .Autodesk was Upgraded by Rosenblatt to ” Neutral” on Dec 8, 2016. Company shares were Reiterated by RBC Capital Mkts on Dec 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 75 from a previous price target of $71 .
Autodesk opened for trading at $79.29 and hit $80.37 on the upside on Tuesday, eventually ending the session at $79.98, with a gain of 0.49% or 0.39 points. The heightened volatility saw the trading volume jump to 17,96,204 shares. Company has a market cap of $17,800 M.
On the company’s financial health, Autodesk reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 19, 2016. Analyst had a consensus of $-0.14. The company had revenue of $511.90 million for the quarter, compared to analysts expectations of $513.00 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Based on the Insider trading transactions file , on Jan 10, 2017, Carl Bass (Chief Executive Officer) sold 100,000 shares at $79.12 per share price. According to the SEC, on Jan 6, 2017, Jan Becker (SVP, CHRO and Corp Real Estate) sold 2,973 shares at $77.08 per share price. On Dec 28, 2016, Amarpreet Hanspal (SVP, Autodesk Product Group) sold 39,736 shares at $76.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Autodesk Inc. (Autodesk) is a design software and services company offering customers productive business solutions through technology products and services. The Company serves customers in the architecture engineering and construction; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.