JPMorgan analyst Sterling Auty said the most important takeaways from Autodesk's Q2 report, which included a number of moving parts, are that higher value subscriptions are outperforming and the fact that the company will announce the date for the elimination of perpetual licenses by next week. Auty thinks pushing up the time table for its subscription transition is a material positive that should help Autodesk shares move higher, naming the company's September analyst meeting as the next catalyst for the stock. The analyst keeps an Overweight rating and $73 price target on Autodesk shares, which are down 5% to $47.50 in pre-market trading following last night's earnings report.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here