Media stories about Autodesk (NASDAQ:ADSK) have been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Autodesk earned a news impact score of 0.32 on Accern’s scale. Accern also gave news articles about the software company an impact score of 47.0061861932758 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Autodesk reports 15.3 pct rise in quarterly revenue (reuters.com)
- Global Composite Simulation Software Market 2018: Altair Engineering, Inc, Autodesk, Inc., CGTech (thebookofkindle.com)
- Goldman Sachs raises Autodesk price target after earnings (seekingalpha.com)
- Autodesk shares fall after it forecasts second quarter profit below estimates (proactiveinvestors.com)
- Autodesk (ADSK) Q1 Earnings Top Estimates, Revenues In Line (finance.yahoo.com)
Several research analysts recently issued reports on ADSK shares. Robert W. Baird reiterated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday, March 7th. Canaccord Genuity reiterated a “buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Deutsche Bank set a $136.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research report on Thursday, March 1st. Evercore ISI reiterated a “buy” rating and set a $150.00 price target on shares of Autodesk in a research report on Wednesday, March 21st. Finally, ValuEngine raised Autodesk from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $149.10.
NASDAQ:ADSK traded down $6.17 on Friday, hitting $132.75. 6,543,575 shares of the stock were exchanged, compared to its average volume of 1,699,864. The stock has a market capitalization of $29.09 billion, a P/E ratio of -82.97 and a beta of 1.72. Autodesk has a 52 week low of $99.22 and a 52 week high of $141.26. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -6.20.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 24th. The software company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $559.90 million during the quarter, compared to analysts’ expectations of $558.49 million. Autodesk had a negative return on equity of 530.32% and a negative net margin of 24.39%. Autodesk’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.16) EPS.
In other news, insider Andrew Anagnost sold 20,499 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $125.39, for a total value of $2,570,369.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven M. Blum sold 20,458 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total value of $2,528,608.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,475 shares of company stock valued at $6,094,232. 0.14% of the stock is currently owned by company insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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