Autodesk (ADSK) Getting Somewhat Favorable News Coverage, Analysis Shows
News articles about Autodesk (NASDAQ:ADSK) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Autodesk earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the software company an impact score of 46.7722914556766 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Autodesk, Inc. (ADSK) Director Sells $159,435.00 in Stock (americanbankingnews.com)
- Inside Autodesk's Restructuring Plan (finance.yahoo.com)
- Cramer Remix: Cloud stocks aren't finished giving investors big profits (finance.yahoo.com)
- Cramer investigates Autodesk's weakness to see if the sof… (finance.yahoo.com)
- Does Autodesk's weakness make it a buy? (finance.yahoo.com)
Shares of Autodesk (NASDAQ ADSK) traded down $2.45 during midday trading on Friday, reaching $107.16. 3,094,512 shares of the company’s stock were exchanged, compared to its average volume of 3,284,296. The company has a current ratio of 1.07, a quick ratio of 1.22 and a debt-to-equity ratio of 14.78. Autodesk has a 1 year low of $73.60 and a 1 year high of $131.10.
A number of research analysts have weighed in on the company. Evercore ISI reissued a “buy” rating and set a $135.00 price target on shares of Autodesk in a research note on Wednesday. J P Morgan Chase & Co reissued a “buy” rating and set a $130.00 price target on shares of Autodesk in a research note on Wednesday, November 29th. Guggenheim upped their price objective on Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Canaccord Genuity restated a “buy” rating and set a $135.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Finally, Deutsche Bank set a $140.00 price target on Autodesk and gave the company a “buy” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Autodesk presently has an average rating of “Buy” and an average target price of $132.55.
In other Autodesk news, SVP Steven M. Blum sold 9,128 shares of Autodesk stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 25,000 shares of Autodesk stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,023 shares of company stock worth $7,378,094. Corporate insiders own 6.10% of the company’s stock.
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Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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