Trust Co of Vermont 13F: Cuts Autodesk (ADSK) Stake by $627K
Key Points
- Trust Co of Vermont cut its Autodesk, Inc. holding by 2,998 shares to 9,722 shares valued at about $2.03 million in an October 21, 2026, filing.
- Autodesk recently traded around $244.84, backed by $7.79 billion in trailing twelve-month revenue and a 21.1% net profit margin.
- Several company insiders purchased shares earlier in the year, including Chief Executive Officer Andrew J Anagnost and Chief Financial Officer Janesh Moorjani.
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Trust Co of Vermont trimmed its holdings in Autodesk, Inc. ADSK by 23.6%, selling 2,998 shares during the period. According to a Form 13F filed with the SEC on October 21, 2026, the firm ended the quarter with 9,722 shares valued at approximately $2.03 million. The prior holding stood at 12,720 shares.
ADSK
Autodesk, Inc.
Trust Co of Vermont vs. the S&P 500
Hypothetical returns from Trust Co of Vermont's disclosed trades, not real profit or advice. How we model this.
What Changed in Trust Co of Vermont's Autodesk Position
The fund reduced its exposure to the software maker by dropping nearly a quarter of its share count. The remaining stake of 9,722 shares carried a reported value of $2,031,898 as of the filing date.
Other Institutional Activity in Autodesk
Other large investors adjusted their positions around the same time. D1 Capital Partners L.P. cut its stake by 146,751 shares to finish with 308,907 shares worth about $59.85 million. Assetmark grew its holdings by 7,230 shares, ending with 61,471 shares worth about $11.91 million. Bank of America reduced its position by 81,950 shares, holding 2,530,850 shares valued at about $490.38 million. Goelzer Investment Management sold its entire position, unloading all of its shares during the period.
Autodesk, Inc. Stock Holds Steady
Autodesk shares closed at $244.84 on the filing date of October 21, 2026. The stock recently traded around $244.84, sitting above both its 50-day and 200-day moving averages. The company has a 52-week trading range between $185.50 and $320.00.
Recent Earnings
Autodesk generated $7.79 billion in trailing twelve-month revenue with earnings of $7.71 per share. The business reported a net profit margin of 21.1% and a return on equity of 53.9%. The next earnings update 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.
Insiders made notable share purchases earlier in the year. Director Stacy J Smith picked up 3,435 shares on May 29, 2026, valued at $794,054. Chief Financial Officer Janesh Moorjani bought 2,500 shares on June 15, 2026, at an average price of $197.67 for a total of $494,175. Chief Executive Officer Andrew J Anagnost added 2,460 shares on June 16, 2026, at an average price of $202.66, totaling $498,544. Director John T Cahill purchased 2,000 shares on June 23, 2026, at an average price of $189.20 for a total of $378,400.
Analysts Set New Price Targets
Wall Street research firms updated views on the stock ahead of the filing. Cantor Fitzgerald initiated coverage with a neutral rating and a $215.00 price target on September 15, 2026. RBC Capital reiterated an outperform rating with a $305.00 target on September 17, 2026. BTIG kept a buy rating with a $300.00 target on September 18, 2026. Guggenheim maintained a buy rating with a $283.00 target on September 21, 2026. Piper Sandler held an overweight rating with a $300.00 target on September 28, 2026. The stock carries a consensus buy rating from 34 analysts with a mean price target of $307.54.
About Autodesk
Autodesk, Inc. builds software for 3D design, engineering, and entertainment. Its tools help architects, engineers, and creators build everything from physical structures to digital media. Institutional adjustments like this offer a look at how professional portfolio managers manage exposure to major technology developers.
Bottom Line
Investors are watching for the upcoming earnings report on November 27, 2026, to gauge ongoing revenue growth and profit trends. Future filings will show whether other regional funds follow Trust Co of Vermont in trimming their positions.
Related Filing Alerts
Source: Trust Co of Vermont's 13F filing on $ADSK (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts