Autodesk Inc. (NASDAQ:ADSK) issued its quarterly earnings data on Tuesday. The software company reported ($0.18) earnings per share for the quarter, topping the 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 business earned $489.60 million during the quarter, compared to analysts’ expectations of $476.76 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue was down 18.4% on a year-over-year basis. Autodesk updated its Q4 guidance to ($0.39)-(0.32) EPS.

Autodesk (NASDAQ:ADSK) traded up 0.11% on Tuesday, reaching $75.26. 2,818,183 shares of the company’s stock traded hands. The company’s market cap is $16.70 billion. The firm’s 50 day moving average price is $72.33 and its 200 day moving average price is $64.22. Autodesk has a 12 month low of $41.60 and a 12 month high of $78.58.

Earnings History for Autodesk (NASDAQ:ADSK)

TRADEMARK VIOLATION WARNING: “Autodesk Inc. (ADSK) Announces Earnings Results” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The legal version of this piece can be viewed at http://www.dailypolitical.com/2016/11/29/autodesk-inc-adsk-announces-earnings-results.html.

ADSK has been the subject of several analyst reports. Bank of America Corp. restated a “sell” rating on shares of Autodesk in a research report on Thursday, November 17th. Wedbush boosted their target price on shares of Autodesk to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, November 22nd. Barclays PLC restated an “overweight” rating and issued a $81.00 target price (up from $75.00) on shares of Autodesk in a research report on Tuesday, November 22nd. Pacific Crest restated an “overweight” rating and issued a $81.00 target price on shares of Autodesk in a research report on Wednesday, November 23rd. Finally, Zacks Investment Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 31st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $68.42.

In related news, SVP Andrew Anagnost sold 4,525 shares of Autodesk stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $70.00, for a total value of $316,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Crawford W. Beveridge sold 7,000 shares of Autodesk stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $67.58, for a total transaction of $473,060.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advantus Capital Management Inc boosted its stake in Autodesk by 0.6% in the second quarter. Advantus Capital Management Inc now owns 22,002 shares of the software company’s stock valued at $1,191,000 after buying an additional 129 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Autodesk by 2.7% in the third quarter. Ameritas Investment Partners Inc. now owns 8,632 shares of the software company’s stock valued at $624,000 after buying an additional 228 shares during the period. Bank of Nova Scotia boosted its stake in Autodesk by 5.9% in the second quarter. Bank of Nova Scotia now owns 4,483 shares of the software company’s stock valued at $243,000 after buying an additional 250 shares during the period. Veritable L.P. boosted its stake in Autodesk by 4.8% in the second quarter. Veritable L.P. now owns 7,047 shares of the software company’s stock valued at $382,000 after buying an additional 325 shares during the period. Finally, TCW Group Inc. boosted its stake in Autodesk by 3.1% in the second quarter. TCW Group Inc. now owns 18,050 shares of the software company’s stock valued at $977,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Autodesk Company Profile

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

Receive News & Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.