Autodesk, Inc. (ADSK) Receives Neutral Rating from Guggenheim

Cornelia Mascio
Mag 19, 2017

Autodesk, Inc. (NASDAQ:ADSK) ended its day at $95.83 with the rising stream of 1.98% and its total traded volume was 2.79 million shares more than the average volume. (NASDAQ:ADSK) in a research report sent to investors on Tuesday, April 18th. Wedbush increased their price target on Autodesk to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, February 8th.

One Month Ago Analyst Ratings: Should an investor react accordingly to new analyst's recommendations and adjust a position based on the analyst's rating alone Of course not. A rating of 3 would signify a consensus Hold recommendation.

AutoDesk reported a loss of $0.16 per share on top line revenue of $486 million beating analyst estimates on both the top and bottom line.

AutoDesk (NASDAQ:ADSK) is trading 10% higher after hours due to a smaller than expected loss for the first fiscal quarter of FY2018. Autodesk, Inc. (ADSK) is a part of Technology sector and belongs to Technical & System Software industry. Buy rating has been given by 5 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 12 analysts given HOLD rating. If a company has a PEG Ratio above one, it may represent that the company is overvalued. (NASDAQ:ADSK) traded up 1.98% on Thursday, hitting $95.83. Autodesk has a 52-week low of $49.82 and a 52-week high of $111.09. (NYSE:CRM) are on our watchlist today as the stock has moved -1.84% from the open, touching $89.33 on a recent trade. The company has a 50-day moving average price of $90.03 and a 200 day moving average price of $82.49.

Autodesk (NASDAQ:ADSK) has insider ownership of 6.20% and institutional ownership of 97.13%. Cypress Wealth Advisors LLC now owns 4,627 shares of the software company's stock worth $342,000 after buying an additional 24 shares in the last quarter.

Following a strong quarter and increased conviction in the model transition, RBC Capital Markets is upgrading shares to Outperform and raising its target to $125.

Total recurring revenue in Q1 was 90% of total revenue compared to 72% of total revenue in the comparable quarter past year. During the same period previous year, the firm posted ($0.10) earnings per share. The firm had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million.

Autodesk's annualized recurring revenue rose 18% year over year to $1.74 billion in the first quarter because of strong sales of subscription plans. HBK Investments L P bought a new stake in shares of Autodesk during the third quarter valued at about $3,718,000. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. Canaccord Genuity maintained the shares of ADSK in report on Wednesday, September 30 with "Buy" rating. The stock was sold at an average price of $85.37, for a total transaction of $263,707.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

In other Autodesk news, SVP Jan Becker sold 2,865 shares of Autodesk stock in a transaction on Monday, May 15th. This calculation is derived by dividing the current share price by the projected earnings per share.

The stock has Return on Assets (ROA) of -11.7 percent. Cypress Wealth Advisors LLC boosted its stake in shares of Autodesk by 0.5% in the fourth quarter. Baird Financial Group Inc. raised its stake in Autodesk by 1.0% in the fourth quarter.

U.S. based company, Autodesk, Inc. The average volume stands around 2.06 million shares. British Columbia Investment Management Corp increased its position in Autodesk by 11.8% in the first quarter. The New York-based Blue Ridge Capital L.L.C. has invested 6.75% in the stock.

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