Somewhat Positive Media Coverage Somewhat Unlikely to Impact Autodesk (ADSK) Stock Price

Media headlines about Autodesk (NASDAQ:ADSK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty 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 media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software company an impact score of 45.5190751917331 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

ADSK has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Autodesk in a report on Sunday, May 21st. Morgan Stanley raised shares of Autodesk from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $69.00 to $115.00 in a report on Monday, May 1st. Finally, Credit Suisse Group assumed coverage on shares of Autodesk in a report on Thursday, April 27th. They issued an “outperform” rating and a $115.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $104.55.

Autodesk (NASDAQ:ADSK) opened at 108.01 on Friday. The stock’s market capitalization is $23.80 billion. Autodesk has a one year low of $61.40 and a one year high of $115.25. The company’s 50-day moving average is $107.20 and its 200 day moving average is $95.98.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Equities analysts expect that Autodesk will post ($0.57) EPS for the current year.

In other Autodesk news, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Betsy Rafael sold 2,354 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,570 shares of company stock valued at $17,865,037. Insiders own 6.10% of the company’s stock.

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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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