News coverage about Autodesk (NASDAQ:ADSK) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Autodesk earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the software company an impact score of 44.9802625897082 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Product Life-Cycle Management (PLM) IT Market to Witness a Pronounce Growth During 2016 – 2024 (sbwire.com)
- Autodesk, Inc. (ADSK) stock’s Technical story – Wall Street Morning (wallstreetmorning.com)
- Autodesk, Inc. (ADSK)- Institutional Investors Salvations: The GEO Group, Inc. (GEO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Analyzing Autodesk (ADSK) & Its Peers (americanbankingnews.com)
- Research delivers insight into the simulation & analysis software market CAGR reaching at a huge extent by 2022 (whatech.com)
A number of analysts have recently issued reports on ADSK shares. KeyCorp reiterated a “buy” rating and set a $128.00 target price on shares of Autodesk in a report on Friday, October 6th. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a report on Sunday, October 1st. Evercore ISI reiterated a “buy” rating and set a $135.00 target price on shares of Autodesk in a report on Wednesday, September 20th. Cowen and Company boosted their target price on Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and set a $125.00 target price (up previously from $120.00) on shares of Autodesk in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $118.26.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS.
In other Autodesk news, Director Lorrie M. Norrington sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Insiders sold a total of 60,212 shares of company stock worth $6,742,238 in the last ninety days. Insiders own 6.10% of the company’s stock.
Autodesk Company Profile
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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