Goldman Sachs Neutral On Autodesk

Goldman Sachs is out with a research report on Autodesk Inc. ADSK and it has a Neutral rating and a $31 price target on shares. In a note to clients, Goldman Sachs writes, "As indicated by our field checks, revenue of $546 mn came in above consensus of $539 mn, while EPS of $0.44 was $0.03 better. License revenue of $333 mn was in line with consensus of $332 mn, while maintenance revenue of $213 mn compared to consensus of $215 mn. Once again management let the revenue upside flow through, as the operating margin came in at 25.4%, beating consensus at 23.6%." Shares of ADSK lost $2.34 yesterday to close at $26.51.