Autodesk (NASDAQ:ADSK) Releases Q3 2027 Earnings Guidance

Autodesk (NASDAQ:ADSK) updated its third quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.040-3.090 for the period, compared to the consensus earnings per share estimate of 2.990. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Autodesk also updated its FY 2027 guidance to 12.520-12.600 EPS.

Autodesk Price Performance

Shares of Autodesk stock traded up $15.81 on Thursday, hitting $270.58. The company had a trading volume of 3,686,968 shares, compared to its average volume of 2,303,928. The business has a 50-day simple moving average of $223.06 and a 200-day simple moving average of $231.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $57.09 billion, a PE ratio of 39.44, a PEG ratio of 1.54 and a beta of 1.29. Autodesk has a 52 week low of $185.50 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts expect that Autodesk will post 9.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Robert W. Baird raised their target price on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Citigroup upped their price target on shares of Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, Bank of America reissued a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 7,935 shares of company stock worth $1,666,644 in the last quarter. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autodesk

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Autodesk by 103.5% during the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after buying an additional 950,149 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Autodesk by 51,159.6% during the 3rd quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock worth $162,836,000 after acquiring an additional 511,596 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Autodesk by 55.2% during the 4th quarter. AQR Capital Management LLC now owns 962,916 shares of the software company’s stock worth $285,033,000 after acquiring an additional 342,510 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Autodesk by 39.6% during the 3rd quarter. Lazard Asset Management LLC now owns 1,159,983 shares of the software company’s stock valued at $368,492,000 after acquiring an additional 329,045 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its stake in shares of Autodesk by 2,195.1% in the 4th quarter. Caisse de depot et placement du Quebec now owns 287,691 shares of the software company’s stock valued at $85,159,000 after acquiring an additional 275,156 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.