Mitsubishi UFG Downgrades Autodesk to Underweight

Brokerage firm Mitsubishi UFG Downgrades its rating on Autodesk(NASDAQ:ADSK). The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Mitsubishi UFG was issued on Aug 29, 2016.

In a different note, On Aug 30, 2016, Rosenblatt said it Downgrades its rating on Autodesk. The shares have been rated ‘Sell’ by the firm. On Aug 26, 2016, Barclays said it Maintains its rating on Autodesk. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 26, 2016, UBS said it Maintains its rating on Autodesk. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Baird said it Maintains its rating on Autodesk. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 26, 2016, Canaccord Genuity said it Maintains its rating on Autodesk. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 26, 2016, Cowen & Company said it Maintains its rating on Autodesk. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Outperform’ by the firm.

Autodesk (ADSK) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.04% at a volume of 12,99,821. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.67. The peak price level was also seen at $67.67 while the days lowest was $66.78. Finally the shares closed at $67.37. The 52-week high of the shares is $69.21 while the 52-week low is $41.6. According to the latest information available, the market cap of the company is $14,949 M.

Autodesk(ADSK) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $550.70M. Analysts had an estimated revenue of $511.49M. Earnings per share were $0.05. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Fronzo Pascal W Di (SVP, General Counsel) sold 10,583 shares at $62.99 per share price.Also, On Aug 16, 2016, Amarpreet Hanspal (SVP, Autodesk Product Group) sold 19,015 shares at $62.50 per share price.On Jul 14, 2016, Carl Bass (Chief Executive Officer) sold 26,209 shares at $56.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *