Autodesk, Inc. (ADSK) Gains After Q1 Beat and Solid Guidance


Shares of Autodesk (NASDAQ:ADSK) traded up 15.3047% on Tuesday, reaching $110.4965.

Several large investors have recently made changes to their positions in ADSK. It has a 32.19 P/E ratio. A rating of 3 would signify a consensus Hold recommendation. In the previous year period, the company reported a loss of $167.70 million, or $0.75 a share.

Griffin Securities raised their price objective on shares of Autodesk from $94.00 to $99.00 and gave the stock a buy rating in a research note on Friday, March 3rd. Cleararc Capital Inc. now owns 4,796 shares of the software company's stock worth $415,000 after buying an additional 21 shares during the last quarter.

On 3/29/2017 Fronzo Pascal W. Di, SVP, sold 6,702 with an average share price of $85.27 per share and the total transaction amounting to $571,479.54. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. (ADSK) . Average true range (ATR-14) of the company is at 1.81. (NASDAQ:ADSK) traded up 1.98% on Thursday, hitting $95.83. 2,856,703 shares of the stock were exchanged. Autodesk, Inc. has a 12 month low of $49.82 and a 12 month high of $98.05. (NYSE:CRM) are on our watchlist today as the stock has moved -1.84% from the open, touching $89.33 on a recent trade. In terms of the stock price in relation to its moving averages, company shares are 2.88% away from the 20-day moving average and 5.56% off of the 50-day average.

Autodesk, Inc. (NASDAQ:ADSK), maintained return on investment for the last twelve months at -17.81, higher than what Reuters data shows regarding industry's average.

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The San Rafael-based design software maker reported Q1 net loss of ($0.16), which was $0.07 better than the Wall Street consensus estimate of ($0.23).

While taking a look at financials, we can look at a number of key indicators about Autodesk, Inc.

Total recurring revenue in Q1 was 90% of total revenue compared to 72% of total revenue in the comparable quarter a year ago. UBS Oconnor LLC now owns 188,512 shares of the software company's stock valued at $13,635,000 after buying an additional 88,512 shares during the period. The firm had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million. Blum Steven M also sold $4.69 million worth of Autodesk, Inc. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. The legal version of this piece can be accessed at UBS maintained the stock with "Buy" rating in Wednesday, September 30 report. The transaction was disclosed in a document filed with the SEC, which is available through this link.

In other Autodesk news, CEO Andrew Anagnost sold 5,540 shares of Autodesk stock in a transaction on Monday, March 13th. The shares were sold at an average price of $82.48, for a total value of $577,360.00. The disclosure for this sale can be found here. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Baird Financial Group Inc. raised its stake in Autodesk by 1.0% in the fourth quarter. The overall volume in the last trading session was 2.81 million shares. Finally, NBT Bank N A NY bought a new position in shares of Autodesk during the first quarter worth about $210,000. Institutional investors and hedge funds own 97.13% of the company's stock. Elkfork Partners LLC now owns 6,138 shares of the software company's stock worth $531,000 after buying an additional 44 shares during the last quarter.