RBC Capital Mkts Just Issued “Sector Perform” Rating on Autodesk (ADSK)

Autodesk (ADSK) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 87 from a previous price target of $84 . RBC Capital Mkts 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.

Autodesk

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