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San Rafael Today
By the People, for the People
Bank of Nova Scotia Reduces Stake in Autodesk
The institutional investor sold off over 92,000 shares of the software company's stock in the third quarter.
Mar. 17, 2026 at 7:24am
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Bank of Nova Scotia reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 48.7% during the 3rd quarter, according to the company's recent SEC filing. The institutional investor owned 97,336 shares of the software company's stock after selling 92,364 shares during the period. Bank of Nova Scotia's holdings in Autodesk were worth $30,921,000 as of the filing.
Why it matters
This move by a major institutional investor like Bank of Nova Scotia could signal a shift in sentiment around Autodesk's stock. As one of the leading providers of design and engineering software, Autodesk's performance is closely watched by the investment community.
The details
Bank of Nova Scotia reduced its stake in Autodesk by nearly half, selling off over 92,000 shares during the third quarter. The institutional investor now holds 97,336 shares of the software company's stock, worth approximately $30.92 million. This comes as Autodesk's stock price has fluctuated in recent months, with the share price dropping from a 52-week high of $329.09 to around $250 currently.
- Bank of Nova Scotia filed the 13F report disclosing the stake reduction during the 3rd quarter of 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and one of the largest banks in North America.
Autodesk, Inc.
A software company that develops design and creation tools for the architecture, engineering, construction, manufacturing, and media industries.
The takeaway
The reduction in Bank of Nova Scotia's Autodesk holdings could be a sign that some institutional investors are growing more cautious about the software company's outlook, even as it remains a leader in its industry. This move bears watching as it may foreshadow broader shifts in investor sentiment around Autodesk.
