Goelzer Investment Management 13F: Exits Autodesk (ADSK) Stake
Goelzer Investment Management reported a complete exit from its Autodesk position in a recent SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Goelzer Investment Management sold its entire stake of 3,552 shares in Autodesk, Inc. ($ADSK), according to a 13F filing with the SEC dated October 16, 2026.
ADSK
Autodesk, Inc.
Key Points
- Goelzer Investment Management sold all 3,552 shares of Autodesk, Inc. (ADSK) as of October 16, 2026, reflecting a full exit from its investment.
- The stock recently traded around $239.12, showing a solid performance since the end of the last quarter.
- Analysts have mixed views on Autodesk, with price targets ranging from $215.00 to $305.00 after several firms reiterated their ratings.
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Goelzer Investment Management has sold all 3,552 shares it held in Autodesk, Inc. (NasdaqGS: ADSK), marking a complete exit from the investment. This cut was disclosed in a filing on October 16, 2026.
What Changed in Goelzer Investment Management's Autodesk Position
The firm reported a 100% decrease, selling all its shares, which dropped from 3,552 shares to 0 shares. This sale indicates a strategic decision to exit the position, as noted in their recent filing.
Other Institutional Activity in Autodesk
Multiple investment firms have made adjustments to their positions in Autodesk. Blackrock Inc. grew its holdings by 2,905,901 shares, bringing its total to 24,837,233 shares worth about $5.96 billion. Vanguard Portfolio Management LLC added 2,918,954 shares, resulting in a total of 11,606,318 shares valued at approximately $2.78 billion. Invesco Ltd. increased its stake by 762,809 shares, holding 7,845,527 shares worth around $1.88 billion.
Autodesk, Inc. Stock Up 10.2%
The stock is currently trading around $239.12, indicating it has performed well recently. While we lack the event-day closing price, the recent price shows that Autodesk shares are actively traded and have seen a noteworthy increase as the company continues to capture interest from institutional investors.
Recent Earnings
Autodesk reported trailing twelve-month revenue of approximately $7.79 billion, with an earnings per share (EPS) of $7.72. The company's next earnings report is scheduled for November 27, 2026, where further financial metrics will be revealed.
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.
Several insiders at Autodesk have been active recently. On May 29, 2026, Director Stacy J. Smith purchased 3,435 shares, valued at around $794,054. This was followed by Chief Financial Officer Janesh Moorjani, who bought 2,500 shares for about $494,175 on June 15, 2026. CEO Andrew J. Anagnost also bought 2,460 shares at $202.66 each, totaling approximately $498,544 on June 16, 2026. Director John T. Cahill purchased 2,000 shares valued at $378,400 on June 23, 2026.
Analysts Set New Price Targets
Analysts have varied opinions on Autodesk's stock. On September 15, 2026, Cantor Fitzgerald initiated coverage with a Neutral rating and a target of $215. RBC Capital reiterated its Outperform rating, maintaining a target of $305 as of September 17, 2026. BTIG reiterated a Buy rating with a $300 target on September 18, 2026, while Guggenheim maintained a Buy rating with a target of $283 on September 21, 2026. Piper Sandler's Overweight rating stands at a target of $300, adjusted down from $338 on September 28, 2026. The consensus price target among analysts is around $288.40, reflecting diverse expectations for the stock's future performance.
About Autodesk, Inc.
Autodesk, Inc. provides technology solutions in 3D design, engineering, and entertainment. The company serves a wide range of industries including architecture, engineering, construction, and media. The recent activity by Goelzer Investment Management and others highlights ongoing interest in the software space as firms adjust their portfolios based on performance and market conditions.
Bottom Line
Goelzer Investment Management's complete exit from Autodesk reflects a strategic shift in its investment approach. With Autodesk's next earnings report set for November 27, 2026, investors will be keen to see how the company continues to perform. Keep in mind that 13F filings like this one reflect holdings as of the end of the reporting quarter and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: Goelzer Investment Management's 13F filing on $ADSK (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Read the original filing: 13F-HR filing on SEC EDGAR. Written by software, not financial advice. How we make alerts