Autodesk (ADSK) was Reiterated by Griffin Securities to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 99 from a previous price target of $94 . Griffin Securities advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral” and Lowered the Price Target to $ 78 from a previous price target of $80 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Sector Perform”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Company shares were Reiterated by Griffin Securities on Mar 3, 2017 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $94 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .Company shares were Reiterated by UBS on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 89 from a previous price target of $71 .
On the company’s financial health, Autodesk reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.33. The company had revenue of $478.80 million for the quarter, compared to analysts expectations of $476.06 million. The company’s revenue was down -26.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Several company insiders have filed Insider transactions , on Jan 12, 2017, Carl Bass (Chief Executive Officer) sold 100,000 shares at $79.84 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 opened for trading at $87.47 and hit $87.9462 on the upside on Monday, eventually ending the session at $87.74, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 15,35,237 shares. Company has a market cap of $19,527 M.
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.