Autodesk (ADSK) Getting Somewhat Favorable Press Coverage, Study Finds

Headlines about Autodesk (NASDAQ:ADSK) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Autodesk earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the software company an impact score of 46.09012808809 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s analysis:

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ADSK traded up $1.82 during trading on Monday, hitting $127.57. The stock had a trading volume of 1,893,001 shares, compared to its average volume of 2,503,413. The company has a market capitalization of $27,454.73, a PE ratio of -79.73 and a beta of 1.70. Autodesk has a one year low of $84.10 and a one year high of $141.26. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 0.88.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The business had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.74 million. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) EPS. equities analysts anticipate that Autodesk will post -0.03 earnings per share for the current fiscal year.

ADSK has been the topic of a number of recent research reports. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Oppenheimer began coverage on Autodesk in a research report on Friday, December 29th. They set an “outperform” rating and a $135.00 price target on the stock. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Autodesk in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $141.52.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total value of $199,665.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven M. Blum sold 20,458 shares of Autodesk stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total value of $2,528,608.80. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock valued at $6,094,232 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

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Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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