Autodesk (NASDAQ:ADSK) Shares Gap Up Following Strong Earnings

Shares of Autodesk, Inc. (NASDAQ:ADSK) gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. 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 changing hands.

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

Wall Street Analyst Weigh In

ADSK has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a research report on Wednesday. HSBC set a $343.00 target price on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Piper Sandler raised their price target on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Oppenheimer boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, BMO Capital Markets raised their target price on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $363.24.

Insider Transactions at Autodesk

In related news, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company’s stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC bought a new position in Autodesk during the 3rd quarter valued at about $25,000. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk during the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk in the third quarter worth approximately $29,000. Finally, Access Investment Management LLC bought a new stake in Autodesk in the 2nd quarter worth approximately $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

The firm has a market capitalization of $64.97 billion, a PE ratio of 63.44, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The business’s 50 day simple moving average is $307.38 and its two-hundred day simple moving average is $302.86.

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.