Bank of America 13F: Cuts Autodesk (ADSK) Stake by $17M
Bank of America trimmed its holdings in Autodesk, Inc. by 3.1% according to a recent Form 13F filing with the SEC.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 81,950 shares from its stake in Autodesk, Inc. ($ADSK), a 3.14% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 2,530,850 shares worth $522.87 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 cut its position in Autodesk, Inc. ADSK by 3.1% during the period, shedding 81,950 shares.
- The institutional investor wrapped up the reporting period with 2,530,850 shares of the software maker valued at roughly $522.9 million.
- Autodesk shares trade around $206.60, sitting well below their 50-day moving average of $233.41.
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Bank of America Trims Position in Autodesk
Bank of America adjusted its large equity portfolio by cutting its stake in Autodesk, Inc. (NasdaqGS: ADSK) during the period. The recent Form 13F filing with the SEC shows the major financial institution trimmed its holdings by 3.1%, shedding 81,950 shares. Even with the reduction, the firm retains a massive position in the software developer.
Share Count and Portfolio Value
Before the adjustment, Bank of America held 2,612,800 shares of Autodesk. The sale of 81,950 shares brought its ending position down to 2,530,850 shares. Based on the market price around the filing period, that remaining stake is valued at approximately $522.9 million.
Stock Performance and Recent Levels
Autodesk shares trade near $206.60, putting the stock closer to the lower end of its 52-week range of $185.50 to $326.35. The stock currently sits below its 50-day moving average of $233.41 and its 200-day moving average of $243.04. The company carries a price-to-earnings ratio of 28.3, alongside a forward P/E ratio of 15.4 based on expected earnings.
Recent Insider Activity
Inside the company, executive buying has also caught attention. On June 15, 2026, CFO Janesh Moorjani purchased 2,500 shares of Autodesk at an average price of $197.67 per share, totaling about $494,175 in stock.
Analysts Set New Price Targets
Wall Street firms continue to update their views on the software maker. On September 28, 2026, Piper Sandler maintained its Overweight rating while lowering its price target to $300.00 from $338.00. Earlier in the month, on September 18, 2026, BTIG reiterated a Buy rating with a $300.00 price target. Consensus analyst figures show an average price target of $312.87 across 35 opinions, with a general recommendation key of Buy.
Inside Autodesk Operations
Autodesk builds design, engineering, and entertainment software used across architecture, manufacturing, and media. Its core products include AutoCAD, Revit, and Fusion, serving professionals who design everything from buildings to mechanical parts. The company is headquartered in San Francisco, California.
What to Watch at ADSK
Investors tracking institutional moves should remember that 13F filings look backward at past quarters and may not reflect current holdings today. Autodesk is scheduled to report its next batch of earnings around November 27, 2026. Market participants will watch those financial results to gauge demand for the company's cloud design tools and subscription software.
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