Evercore ISI Group Initiates Coverage on Autodesk to Buy

Evercore ISI Group Initiates Coverage on Autodesk(NASDAQ:ADSK). The shares have been rated Buy. The rating by Evercore ISI Group was issued on Sep 15, 2016.

In a different note, Evercore ISI said it Initiates Coverage on Autodesk, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 30, 2016, Rosenblatt said it Downgrades its rating on Autodesk. The shares have been rated ‘Sell’ by the firm. On Aug 29, 2016, Mitsubishi UFG said it Downgrades its rating on Autodesk. The shares have been rated ‘Underweight’ 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.

Autodesk (ADSK) made into the market gainers list on Tuesdays trading session with the shares advancing 0.97% or 0.66 points. Due to strong positive momentum, the stock ended at $68.79, which is also near the day’s high of $69.57. The stock began the session at $68.67 and the volume stood at 16,93,430 shares. The 52-week high of the shares is $69.57 and the 52 week low is $41.6. The company has a current market capitalization of $15,264 M and it has 22,18,92,960 shares in outstanding.

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 Sep 8, 2016, Crawford W Beveridge (director) sold 7,000 shares at $67.58 per share price.Also, On Aug 31, 2016, Betsy Rafael (director) sold 4,416 shares at $67.80 per share price.On Aug 29, 2016, Steven M Blum (SVP, Worldwide Sales) sold 10,000 shares at $66.00 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.

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