Equities research analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will report $514.77 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Autodesk’s earnings, with the highest sales estimate coming in at $533.39 million and the lowest estimate coming in at $506.40 million. Autodesk posted sales of $489.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The company is scheduled to announce its next earnings results on Tuesday, December 5th.

On average, analysts expect that Autodesk will report full-year sales of $514.77 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.08 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.56 billion per share, with estimates ranging from $2.45 billion to $2.70 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Autodesk.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS.

A number of equities analysts recently weighed in on ADSK shares. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Autodesk in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Deutsche Bank AG started coverage on shares of Autodesk in a research report on Wednesday, July 19th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Evercore ISI set a $115.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $118.26.

Shares of Autodesk (NASDAQ ADSK) traded up 0.02% during mid-day trading on Tuesday, hitting $119.01. 659,278 shares of the stock traded hands. The firm has a 50 day moving average of $115.28 and a 200 day moving average of $106.71. Autodesk has a 12 month low of $67.15 and a 12 month high of $121.88. The company’s market cap is $26.09 billion.

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In related news, insider Andrew Anagnost sold 24,004 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,212 shares of company stock worth $6,742,238. 6.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ADSK. Thrivent Financial For Lutherans increased its stake in Autodesk by 6.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,250 shares of the software company’s stock worth $626,000 after buying an additional 410 shares during the period. Dimensional Fund Advisors LP increased its stake in Autodesk by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 324,071 shares of the software company’s stock worth $28,022,000 after buying an additional 19,439 shares during the period. AQR Capital Management LLC increased its stake in Autodesk by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 86,260 shares of the software company’s stock worth $7,459,000 after buying an additional 1,286 shares during the period. Janus Capital Management LLC increased its stake in Autodesk by 7.5% during the 1st quarter. Janus Capital Management LLC now owns 192,697 shares of the software company’s stock worth $16,663,000 after buying an additional 13,420 shares during the period. Finally, Bank of Nova Scotia increased its stake in Autodesk by 931.6% during the 1st quarter. Bank of Nova Scotia now owns 44,700 shares of the software company’s stock worth $3,865,000 after buying an additional 40,367 shares during the period. 94.79% of the stock is currently owned by hedge funds and other institutional investors.

About Autodesk

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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