Autodesk (NASDAQ:ADSK) Shares Gap Up After Better-Than-Expected Earnings

Shares of Autodesk, Inc. (NASDAQ:ADSK) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $294.43, but opened at $313.97. Autodesk shares last traded at $308.0570, with a volume of 829,928 shares.

The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.Autodesk’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS.

Analyst Ratings Changes

Several research firms have recently issued reports on ADSK. KeyCorp upped their target price on Autodesk from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Barclays restated an “overweight” rating and issued a $390.00 price objective on shares of Autodesk in a research note on Wednesday. Mizuho lifted their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $380.00 price target on shares of Autodesk in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $363.24.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. The trade was a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of Autodesk

Institutional investors have recently added to or reduced their stakes in the stock. Beacon Financial Group lifted its position in Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares during the last quarter. Freedom Investment Management Inc. increased its stake in Autodesk by 2.4% in the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares during the last quarter. Bridgewater Advisors Inc. raised its position in Autodesk by 2.2% during the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after purchasing an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC boosted its holdings in shares of Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after purchasing an additional 35 shares in the last quarter. Finally, Patron Partners LLC increased its position in shares of Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 3.6%

The company has a market capitalization of $64.97 billion, a PE ratio of 63.44, a PEG ratio of 2.63 and a beta of 1.51. The stock has a fifty day moving average of $307.38 and a two-hundred day moving average of $302.86. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91.

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.