DA Davidson Issues Optimistic Forecast for Autodesk Earnings

Autodesk, Inc. (NASDAQ:ADSK) – Equities researchers at DA Davidson raised their FY2025 earnings estimates for Autodesk in a report issued on Wednesday, November 27th. DA Davidson analyst W. Jellison now forecasts that the software company will earn $5.78 per share for the year, up from their previous 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.

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

Several other equities analysts have also weighed in on ADSK. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Berenberg Bank upped their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Scotiabank started coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective on the stock. Bank of America upped their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Robert W. Baird upped their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $315.38.

Autodesk Stock Performance

Shares of ADSK opened at $290.64 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $62.49 billion, a P/E ratio of 59.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.47. The firm’s fifty day simple moving average is $289.44 and its two-hundred day simple moving average is $257.07. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred 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 owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,936 shares of company stock valued at $549,333. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Autodesk

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jag Capital Management LLC purchased a new position in Autodesk in the 3rd quarter worth $13,861,000. Cetera Investment Advisers grew its holdings in Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock worth $16,035,000 after acquiring an additional 38,196 shares during the last quarter. LMR Partners LLP bought a new stake in Autodesk in the 3rd quarter worth $12,643,000. Forsta AP Fonden grew its holdings in Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock worth $14,215,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Autodesk by 8.7% in the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock worth $248,385,000 after acquiring an additional 73,363 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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.