Wall Street brokerages forecast that Autodesk, Inc. (NASDAQ:ADSK) will report sales of $823.94 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Autodesk’s earnings, with estimates ranging from $814.40 million to $828.60 million. Autodesk reported sales of $660.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 24.7%. The firm is expected to report its next quarterly earnings results on Tuesday, November 19th.

According to Zacks, analysts expect that Autodesk will report full-year sales of $3.25 billion for the current year, with estimates ranging from $3.22 billion to $3.27 billion. For the next financial year, analysts anticipate that the company will post sales of $3.96 billion, with estimates ranging from $3.90 billion to $4.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.04). The company had revenue of $796.80 million for the quarter, compared to analyst estimates of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share.

A number of research analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Autodesk from $210.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. ValuEngine upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 target price for the company. in a research report on Monday, June 3rd. Royal Bank of Canada decreased their target price on shares of Autodesk to $175.00 and set a “positive” rating for the company in a research report on Wednesday, August 28th. Finally, Wells Fargo & Co decreased their target price on shares of Autodesk from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $169.48.

NASDAQ ADSK traded up $0.52 on Wednesday, reaching $154.00. 62,251 shares of the company’s stock traded hands, compared to its average volume of 3,209,902. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 1,399.00, a P/E/G ratio of 2.72 and a beta of 1.84. The stock has a 50 day moving average price of $149.34 and a 200-day moving average price of $161.65. Autodesk has a fifty-two week low of $117.72 and a fifty-two week high of $178.95.

In other Autodesk news, CEO Andrew Anagnost sold 2,434 shares of Autodesk stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $169.47, for a total value of $412,489.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 263 shares of Autodesk stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.02, for a total transaction of $39,718.26. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkeley Capital Partners LLC increased its holdings in Autodesk by 1.8% in the second quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock valued at $622,000 after buying an additional 69 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Autodesk by 1.5% during the first quarter. Pictet Asset Management Ltd. now owns 1,866,083 shares of the software company’s stock worth $290,773,000 after purchasing an additional 28,355 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Autodesk by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 49,570 shares of the software company’s stock worth $7,725,000 after purchasing an additional 6,006 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Autodesk by 6.7% during the second quarter. BB&T Securities LLC now owns 59,883 shares of the software company’s stock worth $9,755,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Autodesk by 2.6% during the first quarter. Swiss National Bank now owns 729,699 shares of the software company’s stock worth $113,702,000 after purchasing an additional 18,500 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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