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

Autodesk (NASDAQ:ADSK) announced its quarterly earnings results on Tuesday. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.18, FiscalAI reports. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk updated its FY 2026 guidance to 10.180-10.250 EPS and its Q4 2026 guidance to 2.590-2.67 EPS.

Autodesk Stock Performance

Autodesk stock traded up $4.58 during mid-day trading on Tuesday, reaching $294.43. The company’s stock had a trading volume of 2,095,589 shares, compared to its average volume of 1,552,968. The firm’s fifty day moving average price is $307.86 and its two-hundred day moving average price is $302.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a market capitalization of $62.71 billion, a P/E ratio of 60.96, a PEG ratio of 2.63 and a beta of 1.51.

Insider Buying and Selling

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction dated 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 owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. The trade was a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last three months. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Hedge funds have recently bought and sold shares of the company. Amundi increased its holdings in shares of Autodesk by 3.0% in the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock worth $881,704,000 after purchasing an additional 79,171 shares during the period. Northern Trust Corp increased its position in shares of Autodesk by 0.4% in the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock worth $799,792,000 after purchasing an additional 10,169 shares during the last quarter. Lazard Asset Management LLC raised its stake in Autodesk by 39.6% in the third quarter. Lazard Asset Management LLC now owns 1,159,983 shares of the software company’s stock valued at $368,492,000 after purchasing an additional 329,045 shares in the last quarter. Man Group plc lifted its position in Autodesk by 19.2% during the third quarter. Man Group plc now owns 956,181 shares of the software company’s stock valued at $303,750,000 after purchasing an additional 153,809 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Autodesk by 326.9% in the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after buying an additional 702,974 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ADSK shares. Morgan Stanley increased their price objective on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Mizuho upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Citigroup dropped their price target on shares of Autodesk from $393.00 to $370.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.30.

Autodesk Company Profile

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.