News headlines about Autodesk (NASDAQ:ADSK) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Autodesk earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the software company an impact score of 46.5674175669328 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- How Financially Strong Is Autodesk Inc (NASDAQ:ADSK)? (finance.yahoo.com)
- Garelick Capital Partners LP Has $16.39 Million Stake in Autodesk, Inc. (ADSK) (americanbankingnews.com)
- 6 Bargain Stocks Hidden in Market’s Rebound (finance.yahoo.com)
- Carillon Tower Advisers Inc. Invests $28.31 Million in Autodesk, Inc. (ADSK) (americanbankingnews.com)
- Baldwin Investment Management LLC Increases Position in Autodesk, Inc. (ADSK) (americanbankingnews.com)
Several equities 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, November 10th. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 29th. Canaccord Genuity restated a “buy” rating and issued a $140.00 price objective (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank of Canada restated a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Finally, Guggenheim boosted their price objective on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk presently has an average rating of “Buy” and an average price target of $132.68.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s revenue was up 5.2% on a year-over-year basis. equities analysts predict that Autodesk will post -1.36 earnings per share for the current year.
In other Autodesk news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,510 shares of company stock valued at $1,413,279. 6.10% of the stock is currently owned by insiders.
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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