Autodesk (NASDAQ:ADSK) Posts Quarterly Earnings Results, Beats Expectations By $996.16 EPS

Autodesk (NASDAQ:ADSK) released its quarterly earnings data on Thursday. The software company reported $999.00 EPS for the quarter, beating the consensus estimate of $2.84 by $996.16, Zacks reports. Autodesk had a net margin of 15.60% and a return on equity of 53.51%.

Autodesk Stock Performance

Autodesk stock traded up $4.55 during mid-day trading on Thursday, hitting $241.55. The company had a trading volume of 3,032,127 shares, compared to its average volume of 2,111,318. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $51.00 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 1.54 and a beta of 1.32. The company’s fifty day moving average is $239.10 and its 200-day moving average is $261.01. Autodesk has a 12-month low of $214.10 and a 12-month high of $329.09.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q1 revenue of $1.93 billion, up 18% year over year, and said the quarter came in ahead of expectations, supporting the stock. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: The company announced an all-cash agreement to acquire MaintainX for about $3.6 billion, a move that could strengthen Autodesk’s operations platform and broaden its design-to-operate ecosystem. Autodesk to acquire MaintainX, advancing unified platform in operations
• Positive Sentiment: Jefferies upgraded Autodesk to strong-buy and expected a modest revenue beat with steady guidance, adding to bullish sentiment before the report. Autodesk expected to deliver first quarter earnings beat, in-line outlook
• Neutral Sentiment: Autodesk’s earnings preview articles and analyst notes pointed to expectations for a solid quarter and unchanged full-year outlook, which helped frame today’s move but were not major standalone catalysts. Top Wall Street Forecasters Revamp Autodesk Expectations Ahead Of Q1 Earnings

Analysts Set New Price Targets

Several analysts have recently commented on ADSK shares. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. Barclays lowered their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered their price objective on Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Oppenheimer lowered their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $330.96.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ADSK. Schnieders Capital Management LLC. acquired a new position in Autodesk during the second quarter worth $466,000. Sivia Capital Partners LLC raised its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Brighton Jones LLC raised its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. DV Equities LLC acquired a new position in Autodesk during the fourth quarter worth $88,000. Finally, Transamerica Financial Advisors LLC raised its stake in Autodesk by 80.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 220 shares of the software company’s stock valued at $65,000 after purchasing an additional 98 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

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.