Autodesk, Inc. Shares Jump Following Q2 Report, Bullish Outlook

MCDOWELL MARY T sold $1.76 million worth of stock or 20,000 shares. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Fronzo Pascal W. Di sold 8,616 shares of Autodesk stock in a transaction dated Monday, March 13th. Guggenheim assumed coverage on Autodesk in a report on Wednesday, April 12th. The stock was sold at an average price of $86.60, for a total transaction of $229,923.00.

Returns and Valuations for Autodesk, Inc. (NASDAQ:ADSK) traded up 1.98% on Thursday, hitting $95.83. A total of 2.8 million shares exchanged at hands and its average trading volume is standing at 2.06 million shares. Companies having a market cap of $10 billion or more are typically considered as the major players of the market. Shares are trading 0.70% above their 50-day moving average, and 2.04% below their 200-day moving average. Autodesk has a one year low of $49.82 and a one year high of $98.05.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.08.

Revenue during the quarter dropped 5.12 percent to $485.70 million from $511.90 million in the previous year period. And subscription plan annualized recurring revenue totaled $692 million, an increase of 103% compared to the first quarter a year ago. The ratio is more positive, as 190 investment managers increased and opened new holdings, while 214 cut down and sold their stock positions in Autodesk Inc.

Many analysts have provided their estimated foresights on Autodesk, Inc. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and worldwide copyright legislation. The original version of this news story can be viewed at

A number of other brokerages also recently commented on ADSK. The stock has "Buy" rating by Goldman Sachs on Wednesday, August 5. Canaccord Genuity reissued a "buy" rating and set a $100.00 target price (up previously from $95.00) on shares of Autodesk in a research note on Friday, March 3rd. Bank of America Corp upgraded shares of Autodesk from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a research report on Friday. Pacific Crest reaffirmed an "overweight" rating and set a $105.00 price target on shares of Autodesk in a report on Monday, May 8th.

Autodesk, Inc. (ADSK) has been given an average price target of $93.83 from analysts, according to data collected by Finviz.

Macy's Inc (NYSE:M) have shown a low EPS growth of -7.40% in the last 5 years and has earnings growth of -37.50% yoy. Trillium Asset Management LLC now owns 106,610 shares of the software company's stock valued at $7,711,000 after buying an additional 30,814 shares in the last quarter. Another trade for 39,736 shares valued at $3.02 million was made by Hanspal Amarpreet on Tuesday, December 27. Baird Financial Group Inc. raised its stake in Autodesk by 1.0% in the fourth quarter. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". British Columbia Investment Management Corp increased its position in Autodesk by 11.8% in the first quarter.

The company has spent $178.80 million cash to carry out financing activities during the quarter as against cash outgo of $67.20 million in the past year period. State of Wisconsin Investment Board now owns 294,708 shares of the software company's stock valued at $21,316,000 after buying an additional 174,200 shares in the last quarter. Institutional investors own 97.13% of the company's stock.

  • Arturo Norris