Published: Fri, May 19, 2017
Money | By Armando Alvarado

Autodesk, Inc. (ADSK) Issues Earnings Results


The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Autodesk, Inc.is a design software and services company, offering customers productive business solutions through technology products and services.

In other Autodesk news, SVP Jan Becker sold 2,865 shares of Autodesk stock in a transaction on Monday, May 15th.

On 3/29/2017 Andrew Anagnost, CEO, sold 3,954 with an average share price of $85.27 per share and the total transaction amounting to $337,157.58. Guggenheim began coverage on shares of Autodesk in a research report on Wednesday, April 12th. The stock was sold at an average price of $86.60, for a total transaction of $229,923.00. Recently attention has been given to shares of Autodesk, Inc.

Autodesk (NASDAQ:ADSK) traded up 1.98% on Tuesday, hitting $95.83. Insiders own 6.20% of the company's stock. The company's market cap is $21.16 billion. (ADSK)'s latest closing price was 23.32% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 8.24% and 3.21% compared with the 20 Day Moving Average.

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Many analysts have provided their estimated foresights on Autodesk, Inc.

Autodesk (NASDAQ:ADSK) has insider ownership of 6.20% and institutional ownership of 97.13%. Analysts expected Autodesk to report a loss of 24 cents a share excluding items on sales of $470.4 million as the San Rafael, Calif. -based company continues its business model transition from licensed software to cloud computing services.

Total recurring revenue in Q1 was 90% of total revenue compared to 72% of total revenue in the comparable quarter previous year. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. Its last 5-Year EPS growth stands at -32.80% with earnings growth of -370.70% yoy. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.30 on scale of 1-5. Blum Steven M also sold $4.69 million worth of Autodesk, Inc. "(ADSK) Stock" was originally published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $87.00 price target (up from $84.00) on shares of Autodesk in a research note on Friday, March 3rd. Canaccord Genuity maintained the shares of ADSK in report on Wednesday, September 30 with "Buy" rating. A rating of 3 would signify a consensus Hold recommendation.

Analysts are also projecting an Average Revenue Estimate for Autodesk, Inc.as $17000 in the Current Quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Cypress Wealth Advisors LLC boosted its stake in shares of Autodesk by 0.5% in the fourth quarter. The difference between actual earnings and estimated earnings was $0.06 per share. Overall, 2.79 Million shares exchanged hands versus its average trading volume of 2.06 Million shares. Sumitomo Mitsui Asset Management Company LTD now owns 393,808 shares of the software company's stock worth $28,484,000 after buying an additional 377,266 shares during the period. British Columbia Investment Management Corp increased its position in Autodesk by 11.8% in the first 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.

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