Autodesk Inc. (NASDAQ:ADSK) announced its quarterly earnings data on Tuesday. The software company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.06. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The firm had revenue of $489.60 million for the quarter, compared to the consensus estimate of $476.76 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was down 18.4% on a year-over-year basis. Autodesk updated its Q4 guidance to ($0.39)-(0.32) EPS.

Shares of Autodesk (NASDAQ:ADSK) opened at 75.26 on Wednesday. The stock has a 50 day moving average of $72.33 and a 200 day moving average of $64.22. The company’s market cap is $16.70 billion. Autodesk has a 12-month low of $41.60 and a 12-month high of $78.58.

Earnings History for Autodesk (NASDAQ:ADSK)

A number of research analysts recently commented on the stock. Citigroup Inc. set a $65.00 price objective on shares of Autodesk and gave the company a “hold” rating in a research report on Sunday, August 28th. Wedbush boosted their target price on shares of Autodesk to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Cowen and Company boosted their target price on shares of Autodesk from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Robert W. Baird boosted their target price on shares of Autodesk from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, Canaccord Genuity boosted their target price on shares of Autodesk from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Autodesk currently has an average rating of “Hold” and an average price target of $68.42.

In other news, CFO Richard Scott Herren sold 1,500 shares of Autodesk stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $68.91, for a total transaction of $103,365.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jan Becker sold 17,363 shares of Autodesk stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $71.48, for a total value of $1,241,107.24. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Several large investors have recently bought and sold shares of ADSK. FMR LLC increased its stake in Autodesk by 23.8% in the second quarter. FMR LLC now owns 20,026,572 shares of the software company’s stock worth $1,084,239,000 after buying an additional 3,844,505 shares in the last quarter. Eminence Capital LP increased its stake in Autodesk by 1.1% in the second quarter. Eminence Capital LP now owns 13,194,968 shares of the software company’s stock worth $714,376,000 after buying an additional 139,771 shares in the last quarter. Blue Ridge Capital L.L.C. increased its stake in Autodesk by 0.4% in the second quarter. Blue Ridge Capital L.L.C. now owns 10,013,900 shares of the software company’s stock worth $542,153,000 after buying an additional 43,100 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Autodesk by 6.7% in the second quarter. Loomis Sayles & Co. L P now owns 8,603,758 shares of the software company’s stock worth $465,808,000 after buying an additional 541,494 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Autodesk by 2.1% in the third quarter. Principal Financial Group Inc. now owns 4,516,179 shares of the software company’s stock worth $326,656,000 after buying an additional 94,827 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

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About Autodesk

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.

5 Day Chart for NASDAQ:ADSK

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