Bank of America 13F: Cuts Autodesk (ADSK) Stake by $16M
Bank of America trimmed its holdings in Autodesk, Inc. as of May 18, 2026, reducing its stake to about 2.53 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 81,950 shares from its stake in Autodesk, Inc. ($ADSK), a 3.14% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 2,530,850 shares worth $490.38 million at the end of the quarter.
Since the filing, $ADSK is down 2.2% after 1 week, down 20.7% after 1 month and down 1.5% to date (from the $243.49 close on May 18, 2026).
ADSK
Autodesk, Inc.
Key Points
- Bank of America trimmed its position in Autodesk, Inc. by 81,950 shares, a 3.1% decrease, leaving it with 2,530,850 shares valued at approximately $490.4 million.
- Autodesk shares recently traded at $193.76, which is below its 50-day moving average of $233.41 and significantly lower than its 52-week high of $326.35.
- Analysts remain positive on Autodesk, with a consensus rating of 'buy' and a mean price target of $312.87, indicating confidence in the company's growth potential.
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Bank of America Cuts Its Autodesk Stake
Bank of America trimmed its stake in Autodesk, Inc. (ADSK) by 81,950 shares, a 3.1% decrease, according to its latest Form 13F filing with the SEC. This reduction leaves the bank holding approximately 2,530,850 shares valued at about $490.4 million as of May 18, 2026.
Position Change Details
The bank's position in Autodesk has changed from 2,612,800 shares to 2,530,850 shares after this latest trim. The average cost basis for these shares was $197.55, which suggests that the sale was made at a slight loss given the current trading price.
Other Funds' Activity
No other institutional funds reported changes to their Autodesk positions in this quarter, which makes Bank of America's action a notable move among major holders of the stock.
How Autodesk, Inc. Stock Has Traded
As of the publication date, Autodesk shares traded at $193.76, which is below its 50-day moving average of $233.41. This price is also significantly lower than its 52-week high of $326.35, suggesting a challenging environment for the stock in recent months.
Recent Earnings
Autodesk reported revenue of $7.79 billion for the last fiscal year, with a revenue growth rate of 16.1%. The company also achieved an earnings per share (EPS) of $7.72 and a net margin of 21.1%. Its next earnings report is scheduled for November 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 3.1%. Revenue met estimates.
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Profit surprise
EBITDA missed by 23 percent. Operating income missed by 27 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 5 target cuts.
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Earnings quality
Gross margin up 0.7 points. Operating margin up 7.3 points. Positive free cash flow.
Earnings Call Summary
Autodesk delivered a strong quarter with revenue of $1.934 billion, beating the Street consensus of $1.931 billion, though non-GAAP EPS of $2.35 missed expectations of $2.84. The company highlighted sustained momentum in construction, architecture, engineering and operations, driven by data center and infrastructure investments. Management noted that AECO and Make segments continue to drive growth, while the new transaction model transition is moving smoothly and contributing about $105 million to revenue. The company raised full year guidance and reaffirmed confidence in long-term margin expansion.
Guidance Autodesk raised its full year sales guidance to $7.025 billion to $7.075 billion, up from prior expectations. The company also raised billings guidance to $7.355 billion to $7.445 billion and increased full year free cash flow guidance to $2.2 billion to $2.275 billion. Management expects operating margins to expand to 41 percent by fiscal 2029.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at Autodesk, Inc.
On June 15, 2026, Janesh Moorjani, Autodesk's Chief Financial Officer, purchased 2,500 shares at an average price of $197.67 each, totaling approximately $494,175. This transaction shows continued confidence from the company’s leadership amid market fluctuations.
Analysts Set New Price Targets
Analysts maintain a generally positive outlook on Autodesk. On September 28, 2026, Piper Sandler maintained an 'Overweight' rating with a price target of $300, down from a previous target of $338. Guggenheim reiterated a 'Buy' rating on September 21 with a target of $283, while RBC Capital also reiterated an 'Outperform' rating with a target of $305 on September 17. The consensus rating among 35 analysts is 'Buy', with a mean price target of $312.87.
What Autodesk, Inc. Does
Autodesk, Inc. provides software solutions for 3D design, engineering, and entertainment across various industries. It is known for popular products like AutoCAD and Revit, which support professionals in design and construction.
What’s Next for Autodesk?
Investors will be watching for Autodesk's next earnings report on November 27, 2026, for updates on its financial performance. The recent 13F filing reflects past positions and may not represent the current stance of investors like Bank of America.
Related Filing Alerts
Source: Bank of America's 13F filing on $ADSK (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts