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

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

Several other equities research analysts also recently commented on ADSK. Oppenheimer reaffirmed an "outperform" rating and set a $350.00 price objective (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group upped their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Robert W. Baird upped their price objective on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Citigroup upped their price objective on shares of Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $337.45.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded down $2.16 during midday trading on Monday, reaching $297.07. The company had a trading volume of 580,828 shares, compared to its average volume of 1,635,380. The company's 50 day moving average price is $273.48 and its 200 day moving average price is $286.56. 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 stock has a market cap of $63.56 billion, a P/E ratio of 58.92, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62.

Insiders Place Their Bets

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

Institutional Trading of Autodesk

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after acquiring an additional 147 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in Autodesk by 5.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 4,119 shares of the software company's stock worth $1,217,000 after acquiring an additional 218 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Autodesk by 39.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,133 shares of the software company's stock worth $630,000 after acquiring an additional 600 shares during the period. PFG Investments LLC lifted its stake in Autodesk by 12.1% in the fourth quarter. PFG Investments LLC now owns 2,158 shares of the software company's stock worth $638,000 after acquiring an additional 233 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in Autodesk by 32.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,400 shares of the software company's stock worth $1,301,000 after acquiring an additional 1,078 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

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.