Autodesk (NASDAQ:ADSK) Issues Earnings Results

Key Points

• Autodesk beat quarterly expectations: The company reported adjusted EPS of $3.30 versus the $3.12 consensus and revenue of $2.05 billion, ahead of the $2.01 billion estimate. It also issued FY2027 EPS guidance of $12.520–$12.600 and Q3 guidance of $3.040–$3.090.
• Shares jumped 6.2% to $270.58 following the results, with trading volume above average. Autodesk has a market capitalization of approximately $57.1 billion and a one-year trading range of $185.50 to $329.09.
• Analysts maintain a “Moderate Buy” consensus rating, supported by two Strong Buy and 24 Buy ratings, with an average price target of $321.65. Recent targets range from $260 to $360, reflecting mixed but generally favorable views.

Autodesk (NASDAQ:ADSK - Get Free Report) released its quarterly earnings data on Thursday. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18, FiscalAI reports. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 Trading Up 6.2%

Shares of Autodesk stock traded up $15.81 on Thursday, hitting $270.58. 3,686,968 shares of the company's stock traded hands, compared to its average volume of 2,303,928. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk has a one year low of $185.50 and a one year high of $329.09. The firm's 50-day moving average price is $223.06 and its two-hundred day moving average price is $231.87. 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADSK shares. KeyCorp reaffirmed an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. Rosenblatt Securities restated a "buy" rating and set a $330.00 price target on shares of Autodesk in a research note on Monday, June 1st. BMO Capital Markets reduced their price objective on shares of Autodesk from $279.00 to $262.00 and set a "market perform" rating for the company in a report on Friday, May 29th. The Goldman Sachs Group began coverage on Autodesk in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $260.00 price target on the stock. Finally, Rothschild & Co Redburn cut their target price on shares of Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and a consensus price target of $321.65.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company's stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the business's stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 7,935 shares of company stock valued at $1,666,644 in the last ninety days. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Autodesk by 98.1% in the 2nd 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. bought a new stake in shares of Autodesk in the second quarter valued at about $466,000. Baird Financial Group Inc. boosted its position in shares of Autodesk by 7.5% during the second 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 period. Finally, NewEdge Advisors LLC boosted its position in shares of Autodesk by 25.3% during the second 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. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Company Profile

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.

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