What is DA Davidson's Forecast for Autodesk Q2 Earnings?

Autodesk, Inc. (NASDAQ:ADSK - Free Report) - DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for Autodesk in a note issued to investors on Friday, May 23rd. DA Davidson analyst W. Jellison forecasts that the software company will post earnings of $1.67 per share for the quarter. DA Davidson has a "Neutral" rating and a $305.00 price objective on the stock. The consensus estimate for Autodesk's current full-year earnings is $5.76 per share.

Several other research analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $350.00 target price (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and a consensus target price of $337.45.

Autodesk Price Performance

ADSK traded down $0.65 on Monday, reaching $296.35. The stock had a trading volume of 152,910 shares, compared to its average volume of 1,626,801. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $63.40 billion, a price-to-earnings ratio of 58.79, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a 50-day moving average of $274.03 and a 200-day moving average of $286.44.

Insider Transactions at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Freedom Investment Management Inc. boosted its holdings in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock worth $386,000 after purchasing an additional 34 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after buying an additional 35 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after buying an additional 37 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.