Bank of America Corp DE Purchases Shares of 2,966,396 Autodesk, Inc. $ADSK

Key Points

• Bank of America acquired 2.97 million Autodesk shares worth approximately $576.7 million, giving it a 1.41% stake. Institutional investors collectively own about 90.24% of Autodesk.
• Analysts maintain a generally positive outlook, with 25 of 32 covering analysts rating the stock Buy or Strong Buy and an average price target of $317.88, although some firms recently lowered their targets.
• Autodesk reported quarterly earnings and revenue above expectations, with revenue up 16.1% year over year. The company is also expanding its agentic-AI tools, but analysts remain cautious about near-term adoption, monetization and valuation.

Bank of America Corp DE acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,966,396 shares of the software company's stock, valued at approximately $576,727,000. Bank of America Corp DE owned about 1.41% of Autodesk as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new stake in Autodesk during the 2nd quarter worth approximately $10,742,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Autodesk in the second quarter valued at $28,733,000. Advent International L.P. acquired a new stake in shares of Autodesk in the second quarter valued at $7,534,000. Man Group plc purchased a new position in Autodesk in the second quarter valued at $216,128,000. Finally, Jupiter Topco LLC acquired a new position in Autodesk during the 2nd quarter worth $5,903,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADSK shares. Jefferies Financial Group upgraded Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. Morgan Stanley decreased their price objective on Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. Royal Bank Of Canada cut their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. Argus reaffirmed a "buy" rating and issued a $355.00 target price on shares of Autodesk in a report on Wednesday, September 2nd. Finally, New Street Research set a $277.00 price target on shares of Autodesk in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $317.88.

Insider Activity

In other news, Director John Cahill acquired 2,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company's stock.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk previewed new agentic-AI capabilities across its Forma, Fusion and Flow industry clouds. The tools are designed to connect project data, workflows and context, potentially increasing customer productivity and strengthening Autodesk’s cloud-platform ecosystem. Autodesk Advances Agentic AI in Its Three Industry Clouds
• Positive Sentiment: The company is extending Autodesk Assistant into a standalone experience intended to help customers access project information and complete tasks across design, engineering, construction, manufacturing and media workflows. A broader rollout and regional availability are expected in 2027, offering a potential future monetization opportunity. Autodesk Extends Reach of AI With Standalone Assistant
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating, citing concerns about Autodesk’s near-term AI outlook. The rating suggests the new products may support long-term growth, but investors may need evidence of adoption, revenue contribution and improved profitability before assigning a higher valuation. Autodesk Initiated With Neutral Rating Due to Near-Term AI Concerns
• Negative Sentiment: Wall Street Zen downgraded Autodesk to Hold, adding to the cautious analyst tone and reinforcing concerns that the stock’s valuation may already reflect optimism surrounding AI and cloud growth. Wall Street Zen Downgrades Autodesk to Hold

Autodesk Stock Down 1.1%

ADSK stock opened at $226.50 on Wednesday. The stock has a market cap of $47.34 billion, a P/E ratio of 29.30, a PEG ratio of 1.49 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.71. The company's 50 day moving average is $232.74 and its two-hundred day moving average is $232.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the business posted $2.62 EPS. The company's revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts expect that Autodesk, Inc. will post 9.72 earnings per share for the current fiscal year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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