Autodesk (NASDAQ:ADSK) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Autodesk (NASDAQ:ADSK) posted its quarterly earnings data on Thursday. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18, FiscalAI reports. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk updated its FY 2027 guidance to 12.520-12.600 EPS and its Q3 2027 guidance to 3.040-3.090 EPS.

Autodesk Stock Performance

ADSK stock traded up $15.81 during trading hours on Thursday, reaching $270.58. The stock had a trading volume of 3,686,968 shares, compared to its average volume of 2,303,928. The stock has a 50-day simple moving average of $223.06 and a 200 day simple moving average of $231.87. Autodesk has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The stock has a market capitalization of $57.09 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Insider Transactions at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 7,935 shares of company stock worth $1,666,644 in the last ninety days. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Autodesk

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of Autodesk during the 2nd quarter worth about $466,000. Baird Financial Group Inc. lifted its stake in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. DA Davidson restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, KeyCorp reissued an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.