Edition:
United Kingdom

Autodesk Inc (ADSK.OQ)

ADSK.OQ on NASDAQ Stock Exchange Global Select Market

130.11USD
12 Nov 2018
Change (% chg)

$-5.44 (-4.01%)
Prev Close
$135.55
Open
$134.18
Day's High
$134.18
Day's Low
$128.85
Volume
761,480
Avg. Vol
715,293
52-wk High
$159.94
52-wk Low
$101.60

Latest Key Developments (Source: Significant Developments)

Autodesk Acquires Assemble Systems
Monday, 9 Jul 2018 

July 9 (Reuters) - Autodesk Inc ::AUTODESK ACQUIRES ASSEMBLE SYSTEMS TO STRENGTHEN BUILDING PROJECT LIFECYCLE; CONTINUES AUTODESK'S INVESTMENT IN CONSTRUCTION TECH.AUTODESK ACQUIRES ASSEMBLE SYSTEMS TO STRENGTHEN BUILDING PROJECT LIFECYCLE; CONTINUES AUTODESK'S INVESTMENT IN CONSTRUCTION TECH.AUTODESK INC - TRANSACTION IS EXPECTED TO HAVE NO IMPACT ON AUTODESK'S GUIDANCE ISSUED ON MAY 24.AUTODESK INC - SPECIFIC TERMS OF TRANSACTION WERE NOT DISCLOSED.AUTODESK INC - USED A COMBINATION OF CASH AND STOCK TO FINANCE TRANSACTION.AUTODESK INC - COMMITTED TO OFFSETTING SHARES ISSUED FOR TRANSACTION WITHIN CURRENT QUARTER THROUGH ITS ONGOING STOCK REPURCHASE PROGRAM.  Full Article

Tiger Global Management Cuts Share Stake In Alibaba Group Holding, Comcast
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Tiger Global Management::TIGER GLOBAL MANAGEMENT UPS SHARE STAKE IN AUTODESK INC BY 76.8 PERCENT TO 2.2 MILLION SHARES.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN ALIBABA GROUP HOLDING LTD BY 16.2 PERCENT TO 3.8 MILLION ADS.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN COMCAST CORP BY 30.8 PERCENT TO 5.0 MILLION CLASS A SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN RESTAURANT BRANDS INTERNATIONAL INC BY 24.0 PERCENT TO 1.9 MILLION SHARES.TIGER GLOBAL MANAGEMENT UPS SHARE STAKE IN SERVICENOW INC BY 55.5 PERCENT TO 826,300 SHARES.TIGER GLOBAL MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DEC 31, 2017 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT 30, 2017.  Full Article

Autodesk Posts Q3 Gaap Loss Per Share $0.55
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Autodesk Inc ::Q3 NON-GAAP LOSS PER SHARE $0.12.Q3 GAAP LOSS PER SHARE $0.55.Q3 REVENUE $515 MILLION VERSUS I/B/E/S VIEW $513.5 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.13 -- THOMSON REUTERS I/B/E/S.- COMPANY ANNOUNCES RESTRUCTURING PLAN TO FOCUS ON STRATEGIC PRIORITIES.- "NEED TO RE-BALANCE INVESTMENTS ... THIS INCLUDES DIVESTING FROM SOME AREAS AND INCREASING OUR INVESTMENT IN OTHERS".SEES ‍Q4 REVENUE $537 MILLION - $547 MILLION ​.- RESTRUCTURING NOT A COST REDUCTION ACTIVITY.- ‍THROUGH RESTRUCTURING, AUTODESK SEEKS TO STREAMLINE ORGANIZATION AND RE-BALANCE RESOURCES TO BETTER ALIGN WITH COMPANY'S PRIORITIES​.SEES ‍Q4 GAAP LOSS PER SHARE $1.18 - $1.11​.- ‍$91 MILLION TO $100 MILLION IN PRE-TAX RESTRUCTURING CHARGE​ WILL BE TAKEN IN Q4 2018.- MAINTAINING COMMITMENT TO KEEP TOTAL NON-GAAP SPEND FLAT THIS YEAR AND NEXT.SEES ‍Q4 NON-GAAP LOSS PER SHARE $0.14 - $0.10​.Q4 EARNINGS PER SHARE VIEW $-0.14, REVENUE VIEW $544.8 MILLION -- THOMSON REUTERS I/B/E/S.- ‍ REMAINING PRE-TAX RESTRUCTURING CHARGE APART FROM $91 MILLION TO $100 MILLION TO BE TAKEN IN Q4 WILL BE TAKEN IN FISCAL 2019​.- ‍ANTICIPATES TAKING PRE-TAX RESTRUCTURING CHARGE IN RANGE OF $135 MILLION TO $149 MILLION​.- Q3 TOTAL ANNUALIZED RECURRING REVENUE WAS $1.90 BILLION, AN INCREASE OF 24 PERCENT.- ‍SUBSCRIPTION PLAN SUBSCRIPTIONS INCREASED 307,000 FROM Q2 OF FISCAL 2018 TO 1.9 MILLION AT END OF Q3​.- ‍ TOTAL SUBSCRIPTIONS INCREASED 146,000 FROM Q2 OF FISCAL 2018 TO 3.6 MILLION AT END OF Q3​.  Full Article

Tiger Global Management takes share stake in Redfin, Weibo, Autodesk
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Tiger Global Management::Takes share stake of 7.7 million shares in Redfin Corp - SEC filing.Takes share stake of 910,000 sponsored ADRS in Weibo Corp.Takes share stake of 1.2 million shares in Autodesk.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Autodesk Q2 GAAP loss/share $0.66
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - Autodesk Inc ::Autodesk Inc sees ‍Q3 GAAP loss per share $0.58 - $0.64​.Autodesk Inc sees Q3 Non-GAAP loss per share ‍$0.12 - $0.16​.Subscription strength highlights autodesk second quarter results.Q2 Non-GAAP loss per share $0.11.Q2 GAAP loss per share $0.66.Q2 revenue $502 million versus I/B/E/S view $494.2 million.Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S.Says subscription plan subscriptions increased 270,000 from Q1 of fiscal 2018 to 1.59 million at end of Q2.Sees FY 18 ‍revenue $2,030 million - $2,050​ million.Sees Q3 ‍revenue $505 million to $515​ million.Sees ‍FY 2018 loss per share $2.55 - $2.44; sees FY 18 adjusted loss per share $0.61 - $0.54​.Sees ‍FY 2018 net subscription additions 625,000 to 675,000​.Says total subscriptions increased 153,000 from Q1 of fiscal 2018 to 3.44 million at end of Q2.  Full Article

Sachem Head Capital cuts stake in Autodesk to 3.0 pct from 5.8 pct
Thursday, 22 Jun 2017 

June 22 (Reuters) - Autodesk Inc :Sachem head capital management lp cuts stake in autodesk inc to 3.0 percent as of june 21 from 5.8 percent as of june 19 - sec filing.Sachem head capital management lp says on june 21, sold portion of position in autodesk inc for portfolio management purposes.  Full Article

Autodesk names Andrew Anagnost president and CEO
Monday, 19 Jun 2017 

June 19 (Reuters) - Autodesk Inc -:Autodesk names Andrew Anagnost president and CEO.Says CEO and president Carl Bass resigned.Autodesk Inc says Andrew Anagnost will also join Autodesk's board of directors.Autodesk Inc - Amar Hanspal, senior vice president, chief product officer and interim co-ceo, has decided to leave company.  Full Article

Autodesk says co, Citibank, Bank of America entered into amendment to credit agreement
Friday, 28 Apr 2017 

April 28 (Reuters) - Autodesk Inc :Autodesk - on April 26, co, Citibank NA, Bank of America NA, among others entered into letter amendment No. 1 to amended credit agreement dated May 29, 2015.Autodesk - amendment to replace max. debt to capitalization ratio with max. debt to total cash ratio of 2.00 to 1.00 for qtrs ending April 30, July 31, Oct 31.Autodesk - Amendment provides minimum interest coverage ratio to not apply for quarters ending April 30, July 31, Oct 31 in 2017 and Jan 31, April 30 in 2018.  Full Article

Sachem Head Capital says agreed to certain standstill restrictions with Autodesk
Tuesday, 7 Feb 2017 

Sachem Head Capital Management LP: Autodesk agreed Richard Hill shall not be required to resign from board - SEC filing . Autodesk agreed Hill will be included in slate of nominees standing for election to board at 2017 annual meeting . Agreed to vote all its shares for Autodesk's nominees recommended by board .Sachem head also agreed to customary standstill restrictions under agreement with Autodesk.  Full Article

Autodesk says CEO to step down, announces board changes
Tuesday, 7 Feb 2017 

Autodesk Inc : Carl Bass has decided to step down as president and chief executive officer, effective February 8 . Announces CEO transition . Reaffirms Q4 and FY17 guidance . Board has instituted a CEO search to consider candidates . Sachem head designees Scott Ferguson and Jeff Clarke to resign from board . Bass will remain on staff as a special advisor to company in support of transition to a new CEO . Crawford Beveridge will remain non-executive chairman of board . Says new agreement between Autodesk and Sachem Head Capital Management LP . Says agreement calls for two of Sachem head's 2016 director nominees, Scott Ferguson and Jeff Clarke, to resign from board of directors . Sachem Head Capital has agreed to continue until June 2018 their earlier standstill and voting agreement provisions . Board will begin a search for a new independent director candidate, who will join when Ferguson and Clarke step down . FY2017 earnings per share view $-0.57, revenue view $2.02 billion -- Thomson Reuters I/B/E/S .Q4 earnings per share view $-0.34, revenue view $472.8 million -- Thomson Reuters I/B/E/S.  Full Article

UPDATE 2-Sweden's Hexagon sees no slowdown yet in China

* Shares rise 5.5 pct (Adds CEO and analyst quotes, context, share reaction)