Hi-Tech

Autodesk Shares Rise After Company Reports Narrower Quarterly Loss

Autodesk Shares Rise After Company Reports Narrower Quarterly Loss

The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/05/19/zacks-investment-research-upgrades-autodesk-inc-adsk-to-hold-updated.html. The shares were sold at an average price of $82.48, for a total transaction of $577,360.00. Overall, 2.79 Million shares exchanged hands versus its average trading volume of 2.06 Million shares.

Many investors will opt to use multiple time periods when examining moving averages. This calculation is derived by dividing the current share price by the projected earnings per share. Shares are trading 0.70% above their 50-day moving average, and 2.04% below their 200-day moving average. The New York-based Blue Ridge Capital L.L.C. has invested 6.75% in the stock.

The Stock now has a consensus recommendation of 2.10. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Ltd. now owns 62,725 shares of the software company's stock valued at $4,537,000 after buying an additional 3,190 shares in the last quarter. Stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Net sub adds of 186K were a record and well above consensus of 134K benefiting from 44K EBA subscribers from deals signed in Q4 as well as 26K subs from a 30% discount on a 3-year subscription vs. 28K subs adds from a 70% discount y/y (provides confidence in sub adds with diminishing discounts). A lower number would indicate that the company has been undervalued, where its stock is relatively low-priced in connection to its free cash flow.

EPS in next five year years is expected to touch 23.90% while EPS growth in past 5 year was -32.80% along with sales growth of -1.70% in the last five years. State of Wisconsin Investment Board now owns 294,708 shares of the software company's stock valued at $21,316,000 after buying an additional 174,200 shares in the last quarter. Royal Bank of Canada upgraded shares of Autodesk from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $95.00 to $125.00 in a research report on Friday. Full-year guidance was maintained for all metrics which in RBC Capital Markets' mind, de-risks the 2H/18.

Revenues fell 5.1% from previous year to $485.7 million, but easily beat analysts' view for $470.27 million. This indicates more upside for the $24.81B company. The company was able to keep return on investment at -25.10% in the last twelve months.

On 4/17/2017 Jan Becker, SVP, sold 3,089 with an average share price of $85.37 per share and the total transaction amounting to $263,707.93.

TRADEMARK VIOLATION WARNING: This story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. The closing price represents the final price that a stock is traded for on a trading day. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

During last one month it showed the change of 8.98%. The stock has a beta value of 1.85.

For the full year, ADSK sees EPS of ($0.73) to ($0.56), versus Wall Street's estimate of ($0.60). Subscription plan annualized recurring revenue more than doubled year over year to $692 million. Its RSI (Relative Strength Index) reached 45.41. Bank & Trust Of America De has invested 0.06% in Autodesk, Inc.

The Stock has Weekly volatility of 2.37% and monthly volatility of 1.66%.

Let's take a gaze at how the stock has been performing recently. (NASDAQ:ADSK). Spot Trading Ltd Liability Corporation holds 65,604 shares. The stock climbed 12.56 percent over the past quarter, while surged 27.52 percent over the past six months. (ADSK) . Average true range (ATR-14) of the company is at 1.81.


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