Autodesk Company Profile (NASDAQ:ADSK)

Autodesk trades on the NASDAQ under the ticker symbol "ADSK."

Autodesk, Inc. (NASDAQ:ADSK) released its earnings results on Thursday, May, 18th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. The company earned $485.70 million during the quarter, compared to analyst estimates of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. Autodesk's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share. View Autodesk's Earnings History.

Autodesk is scheduled to release their next quarterly earnings announcement on Wednesday, August, 23rd 2017. View Earnings Estimates for Autodesk.

20 brokerages have issued 1 year price targets for Autodesk's shares. Their forecasts range from $50.00 to $137.00. On average, they expect Autodesk's share price to reach $106.72 in the next year. View Analyst Ratings for Autodesk.

Here are some recent quotes from research analysts about Autodesk stock:

• 1. According to Zacks Investment Research, "Autodesk revenues continue to be impacted by the business model transition as they are now recognized “ratably” as against realized “upfront” earlier on. In addition, the company is taking a number of marketing and promotional initiatives to boost sales. These marketing initiatives are actually accelerating subscription base, which improves revenue visibility. Moreover, we believe that business model transition along with robust portfolio of offering, accretive acquisitions and strong cash position will fuel long term growth. Neverthless, we note that the company has outperformed the broader market on a year-to-date basis. We expect its broad product portfolio to generate new customers in both domestic and overseas markets, which will help Autodesk to sustain the share price momentum going ahead." (7/18/2017)
• 2. Morgan Stanley analysts commented, "clear path" to grow.According to Weiss, Autodesk boasts a dominant positioning inside the Architectural, Engineering and Construction business and few investors denied this fact. But at the same time, investors have been concerned with the company's ability to yield free cash flow off of its core base. The analyst commented that Autodesk's all-subscription business model is "now clear" and is expected to generate multiple avenues to better yield off of the "sticky" (5/1/2017)
• 3. Evercore ISI analysts commented, "We believe the strength in this report should be viewed as a positive for ADSK, which generates a sizable portion of its business from architecture firms with ~43% of revenue coming from its Architecture, Engineering, and Construction segment in FY17." (4/19/2017)
• 4. UBS AG analysts commented, "FQ4 rev, EPS, & sub adds were at or above high-end of guidance. While FQ1 & FY18 guides were below consensus, we see them as a not unusual reset on the longer-term path to normalization by FY20, when the business model transition to subscriptions should be relatively complete. We like the maintenance to pdt subs migration program announced today ' sticker shock is relatively mild and there is potential for ARPS to increase from x-sell/up-sell. We expect broad acceptance by customers ' a captive audience that is highly unlikely to switch to competitors. As a result of our increased confidence in ADSK's ability to execute this highly complex transition, we are raising our FY20 ests to/from: rev $3.46Bn/3.12Bn, EPS $3.50/2.58, ARR $3.24Bn/3.06Bn ' which reduce our haircut to L-T guidance given in recent analyst days. While our L-T ests rise, we see ADSK stock as fairly valued after a 21% gain in '16 and +18% YTD. ADSK's valuation 6.9x CY18 EV/S is now slightly higher than its closest peer ADBE 6.7x." (3/3/2017)
• 5. Wedbush analysts commented, "ADSK's 4Q results and commentary contained both positives and negatives. We're encouraged by key metrics and management commentary on the opportunity to convert maintenance customers to product subscriptions, as well as upcoming maintenance price increases over the next several years and the opportunity to convert "unconscious" piracy (e.g. pirated use of ADSK by 1.2M users at known customer accounts). More negative, guidance for headline revenue and EPS was surprisingly weak, and well below levels suggested by the company's last full presentation of its future trajectory 16 months ago. Given improvements in global PMIs, potential U.S. infrastructure investments, and the likelihood that ADSK results will now be more consistently increasing Q/Q, we would like to be more positive. However, we think ADSK's ability to hit its longterm targets is still more of a leap of faith rather than a modeling exercise with high confidence inputs, and we're on the sidelines until the company's model transition can settle into a more consistent, predictable pattern." (3/3/2017)

Autodesk saw a drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,798,530 shares, a drop of 33.0% from the June 15th total of 7,158,504 shares. Based on an average trading volume of 2,313,371 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.2% of the shares of the stock are short sold.

Some companies that are related to Autodesk include Electronic Arts (EA), Symantec Corporation (SYMC), Check Point Software Technologies (CHKP), Mobileye N.V. (MBLY), Workday (WDAY), ANSYS (ANSS), PTC (PTC), Sabre Corporation (SABR), Square (SQ), King Digital Entertainment PLC (KING), Mulesoft (MULE), Zendesk (ZEN), New Relic (NEWR), Box (BOX), Twilio (TWLO), CyberArk Software (CYBR), Five9 (FIVN) and Radware (RDWR).

Autodesk's management team includes the folowing people:

• Andrew Anagnost, President, Chief Executive Officer, Director
• Amarpreet K. Hanspal, Co-Chief Executive Officer, Senior Vice President - Product Group, Chief Product Officer
• Jan Becker, Senior Vice President, Chief Human Resource Officer and Corporate Real Estate
• Richard Scott Herren, Chief Financial Officer, Senior Vice President
• Steven M. Blum, Senior Vice President - Worldwide Sales and Services
• Pascal W. Di Fronzo, Senior Vice President - Corporate Affairs, Chief Legal Officer, Secretary
• Crawford W. Beveridge CBE, Non-Executive Independent Chairman of the Board
• Carl Bass, Director
• Thomas Georgens, Independent Director
• Richard S. Hill, Independent Director

Autodesk's stock is owned by a variety of of retail and institutional investors. Top institutional investors include SACHEM HEAD CAPITAL MANAGEMENT LP (5.80%), SACHEM HEAD CAPITAL MANAGEMENT LP (3.00%), Assenagon Asset Management S.A. (0.16%), Oakbrook Investments LLC (0.16%), Fisher Asset Management LLC (0.12%) and National Pension Service (0.09%). Company insiders that own Autodesk stock include Amarpreet Hanspal, Andrew Anagnost, Betsy Rafael, Carl Bass, Crawford W Beveridge, Fronzo Pascal W Di, J Hallam Dawson, Jan Becker, Kris Halvorsen, Lorrie M Norrington, Mary T Mcdowell, Paul D Underwood, Richard Scott Herren and Steven M Blum. View Institutional Ownership Trends for Autodesk.

Autodesk's stock was sold by a variety of institutional investors in the last quarter, including Oakbrook Investments LLC, Cullinan Associates Inc., APG Asset Management N.V., Exxonmobil Investment Management Inc. TX, Gateway Investment Advisers LLC, Fisher Asset Management LLC, BB&T Corp and State of Alaska Department of Revenue. Company insiders that have sold Autodesk stock in the last year include Amarpreet Hanspal, Andrew Anagnost, Betsy Rafael, Carl Bass, Crawford W Beveridge, Fronzo Pascal W Di, Jan Becker, Mary T Mcdowell, Paul D Underwood, Richard Scott Herren and Steven M Blum. View Insider Buying and Selling for Autodesk.

Autodesk's stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Mn Services Vermogensbeheer B.V., Glaxis Capital Management LLC, National Pension Service, Aperio Group LLC, Bank of Montreal Can, Xact Kapitalforvaltning AB and Nisa Investment Advisors LLC. View Insider Buying and Selling for Autodesk.

Shares of Autodesk can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Autodesk stock can currently be purchased for approximately $109.91.