Autodesk (NASDAQ:ADSK) Updates FY 2027 Earnings Guidance

Autodesk (NASDAQ:ADSK) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 12.520-12.600 for the period, compared to the consensus earnings per share estimate of 12.020. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.2 billion. Autodesk also updated its Q3 2027 guidance to 3.040-3.090 EPS.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Citigroup raised their target price on Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Guggenheim upped their price target on Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Rothschild & Co Redburn lowered their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.65.

Autodesk Price Performance

NASDAQ:ADSK traded up $15.81 on Thursday, reaching $270.58. 3,686,968 shares of the company’s stock traded hands, compared to its average volume of 2,303,928. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $223.06 and a 200-day simple moving average of $231.87. The firm has a market cap of $57.09 billion, a PE ratio of 39.44, a P/E/G ratio of 1.54 and a beta of 1.29. Autodesk has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts forecast that Autodesk will post 9.7 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought 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 $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 a total of 7,935 shares of company stock valued at $1,666,644 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in Autodesk during the second quarter valued at $466,000. Baird Financial Group Inc. lifted its position in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Company Profile

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.