Auto-Owners Insurance 13F: Exits Workday (WDAY) Stake

Auto-Owners Insurance completely exited its position in Workday, Inc. (NasdaqGS: WDAY), selling off all 40,100 shares it previously held. The move was revealed in the fund's Form 13F filing with the SEC on October 15, 2026. Because 13F filings look backward at holdings from the end of the reporting period, this filing may not reflect the investor's current portfolio today.

Inside Auto-Owners Insurance's Workday Trade

The fund sold out of its entire holding, reducing its share count from 40,100 shares down to zero. This complete exit wiped out a position that had previously given the insurer exposure to the enterprise cloud software provider. Institutional filings like this one show portfolio adjustments made over the course of the quarter, though they do not disclose the exact execution dates or prices for individual trades within that window.

Other Institutional Activity in Workday

While Auto-Owners Insurance stepped away from the software maker, other major institutional managers made sizable adjustments to their own holdings during the period. Blackrock Inc. grew its holdings by 1,046,160 shares, ending with 21,126,013 shares worth about $4,031,054,488 following a 5.2% increase. Vanguard Capital Management LLC reduced its stake by 612,810 shares, ending with 13,220,374 shares worth about $2,522,579,530 after a 4.4% decrease. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,023,503 shares, ending with 12,679,129 shares worth about $2,419,304,573 after a 19.0% increase. Eagle Capital Management LLC grew its holdings by 2,616,506 shares, ending with 11,323,681 shares worth about $2,160,671,543 following a 30.0% increase. Vanguard Portfolio Management LLC lowered its stake by 460,847 shares, ending with 11,176,693 shares worth about $2,132,624,764 after a 4.0% decrease.

Workday, Inc. Stock Up 0.7%

Workday shares recently traded around $190.03 as of October 16, 2026. That puts the stock below its 50-day moving average of $190.52 by 0.3%, but well above its 200-day moving average of $156.03 by 21.8%. The shares sit 23.2% below their 52-week high of $247.40 and 72.2% above their 52-week low of $110.36. The company carries a market capitalization of roughly $47.39 billion.

Recent Earnings

Workday reported trailing-twelve-month revenue of $10,154,999,808 alongside earnings of $4.91 per share. The company posted a net profit margin of 12.3% and a return on equity of 16.0% for the period. Its revenue grew 12.8% compared to the prior year. The company's next earnings report is scheduled for release on December 1, 2026.

Insider Buying and Selling at Workday, Inc.

Company insiders also transacted in shares ahead of the filing. On June 22, 2026, David Duffield acquired 107,500 shares. Later, on June 25, 2026, David Duffield sold 107,500 shares at an average price of $115.60 for a total value of $12,426,623.75 under a planned 10b5-1 arrangement. On October 9, 2026, 10% owner Duffield David A. sold 99,835 shares at an average price of $187.55 worth $18,723,974.38 under a trading plan. Finally, Chief Accounting Officer Mark S. Garfield sold 918 shares on October 12, 2026, at an average price of $189.45 for a total of $173,915.10 under a planned schedule.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through mid-October 2026. On August 31, 2026, Goldman Sachs maintained a neutral rating with a price target of $164.00. Needham reiterated a buy rating on October 5, 2026, setting a target of $230.00. Jefferies kept a hold rating with a $210.00 target on October 8, 2026. UBS maintained a neutral rating with a price target of $210.00 on October 14, 2026. On October 15, 2026, Stifel maintained a hold rating with a price target of $175.00. Across the broader analyst community, Workday holds a consensus buy rating with a mean price target of $207.92 derived from 37 opinions.

About Workday

Workday, Inc. builds enterprise cloud applications used by organizations around the world. Headquartered in Pleasanton, California, the company specializes in software for human resources, financial management, payroll, and planning. Its tools help large businesses track accounting records, manage incoming and outgoing funds, and analyze financial data in real time. Institutional shifts in companies like Workday often shed light on how large financial institutions view the tech sector's growth prospects.

Bottom Line

Auto-Owners Insurance no longer holds any stake in Workday following its complete exit reported in October 2026. Observers will look toward the company's upcoming earnings release on December 1, 2026, to gauge whether enterprise software demand continues to support the stock's valuation above its 200-day moving average. 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.