Autodesk Inc. (NASDAQ:ADSK) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.39)-(0.32) for the period, compared to the Thomson Reuters consensus estimate of ($0.31). The company issued revenue guidance of $460-480 million, compared to the consensus revenue estimate of $488.50 million.

Several research analysts recently issued reports on the company. Bank of America Corp. reaffirmed a sell rating on shares of Autodesk in a research report on Thursday, November 17th. Wedbush upped their target price on Autodesk to $70.00 and gave the company a neutral rating in a research report on Tuesday, November 22nd. Barclays PLC reaffirmed an overweight rating and set a $81.00 target price (up from $75.00) on shares of Autodesk in a research report on Tuesday, November 22nd. Pacific Crest reaffirmed an overweight rating and set a $81.00 target price on shares of Autodesk in a research report on Wednesday, November 23rd. Finally, Zacks Investment Research lowered Autodesk from a strong-buy rating to a hold rating in a research report on Monday, October 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Autodesk currently has a consensus rating of Hold and a consensus target price of $68.42.

Shares of Autodesk Inc. (NASDAQ:ADSK) traded up 0.11% during trading on Tuesday, reaching $75.26. The company had a trading volume of 2,818,183 shares. The firm’s 50 day moving average price is $72.33 and its 200 day moving average price is $64.22. The firm’s market capitalization is $16.70 billion. Autodesk Inc. has a 12 month low of $41.60 and a 12 month high of $78.58.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 29th. The software company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.06. The firm had revenue of $489.60 million for the quarter, compared to analysts’ expectations of $476.76 million. Autodesk had a negative return on equity of 5.95% and a negative net margin of 15.05%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities analysts predict that Autodesk Inc. will post ($0.60) EPS for the current year.

In other Autodesk news, SVP Andrew Anagnost sold 4,525 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $70.00, for a total transaction of $316,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $67.58, for a total value of $473,060.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.

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A number of institutional investors have recently added to or reduced their stakes in ADSK. Credit Suisse AG boosted its position in Autodesk by 30.5% in the third quarter. Credit Suisse AG now owns 554,261 shares of the software company’s stock valued at $40,089,000 after buying an additional 129,669 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Autodesk by 2.7% in the third quarter. Ameritas Investment Partners Inc. now owns 8,632 shares of the software company’s stock valued at $624,000 after buying an additional 228 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in Autodesk by 31.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 8,344 shares of the software company’s stock valued at $604,000 after buying an additional 1,973 shares during the last quarter. Dai Ichi Life Holdings Inc. acquired a new position in Autodesk during the third quarter valued at about $310,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Autodesk during the third quarter valued at about $938,000. Institutional investors own 96.18% of the company’s stock.

Autodesk Company Profile

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.

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