Significant Movements: Autodesk, Inc.'s (ADSK), Lazard Ltd's (LAZ)

Ivan Schwartz
May 19, 2017

AUTODESK, INC. (ADSK) Earnings Surprise: According to the earnings report released for Quarter Ending_Jan-17, The Company posted actual earnings of $-0.28 per share whereas the Analysts projected earnings were $-0.34 per share. Guggenheim assumed coverage on Autodesk in a report on Wednesday, April 12th. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Taking a look back at some historical performance numbers for Autodesk, Inc.

Autodesk, Inc. shares rose over 7% in after-hours trading following today's report. Autodesk presently has a consensus rating of "Buy" and a consensus target price of $99.12. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company's stock. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.

Shares of Autodesk closed the previous trading session at 95.83 up +1.86 1.98% with 2,877,482 shares trading hands.

Autodesk Inc (NASDAQ:ADSK) institutional sentiment increased to 0.89 in Q4 2016. The firm's 50 day moving average is $90.03 and its 200-day moving average is $82.49.

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The equity stands 10.68% away from the 52-week high and 117.82% from the 52-week low. Comparatively, Autodesk, Inc. posted earnings of $0.02 per share in the same quarter a year ago. Revenues are seen between $2.000 and 2.050 billion, also -in-line with analysts' view for $2.02 billion.

Many analysts have provided their estimated foresights on Autodesk, Inc. Insiders sold 132,067 shares of company stock worth $11,323,341 over the last ninety days.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/05/19/autodesk-inc-adsk-given-buy-rating-at-evercore-isi.html. The stock was sold at an average price of $95.73, for a total value of $274,266.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 20,000 shares of the firm's stock in a transaction on Thursday, March 16th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The disclosure for this sale can be found here. Sumitomo Mitsui Asset Management Company LTD now owns 393,808 shares of the software company's stock worth $28,484,000 after buying an additional 377,266 shares during the period. The average numbers of shares are traded in a security per day, during the recent 3-month period. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Finally, HighTower Advisors LLC raised its stake in shares of Autodesk by 209.9% in the third quarter. Elkfork Partners LLC now owns 6,138 shares of the software company's stock worth $531,000 after buying an additional 44 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Autodesk during the fourth quarter worth about $138,000.

In the past 5 years, the stock showed growth of -30.61% per annum. Finally, Loomis Sayles & Co. Total subscriptions were 3.29 million, a net increase of 186,000 from the fourth quarter of fiscal 2017. L P now owns 9,353,263 shares of the software company's stock valued at $692,235,000 after buying an additional 439,854 shares during the period.

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