DA Davidson Issues Optimistic Forecast for Autodesk Earnings

Autodesk, Inc. (NASDAQ:ADSK) – DA Davidson lifted their FY2025 EPS estimates for shares of Autodesk in a report issued on Wednesday, November 27th. DA Davidson analyst W. Jellison now expects that the software company will post earnings of $5.78 per share for the year, up from their prior estimate of $5.76. DA Davidson currently has a “Neutral” rating and a $260.00 target price on the stock. The consensus estimate for Autodesk’s current full-year earnings is $5.73 per share. DA Davidson also issued estimates for Autodesk’s Q4 2025 earnings at $1.47 EPS and FY2026 earnings at $6.62 EPS.

Several other research firms have also commented on ADSK. Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Rosenblatt Securities increased their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $315.38.

Autodesk Trading Down 8.6 %

NASDAQ:ADSK opened at $290.64 on Thursday. Autodesk has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day simple moving average is $289.44 and its 200 day simple moving average is $257.07. The firm has a market capitalization of $62.49 billion, a P/E ratio of 59.44, a PEG ratio of 4.08 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,936 shares of company stock worth $549,333. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several institutional investors have recently bought and sold shares of ADSK. B. Riley Wealth Advisors Inc. grew its stake in shares of Autodesk by 7.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,783 shares of the software company’s stock worth $1,766,000 after buying an additional 448 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the 1st quarter worth $25,000. Citizens Financial Group Inc. RI purchased a new position in shares of Autodesk in the 1st quarter worth $251,000. LRI Investments LLC purchased a new position in shares of Autodesk in the 1st quarter worth $26,000. Finally, Swedbank AB purchased a new position in shares of Autodesk in the 1st quarter worth $39,054,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

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.