A flurry of activities has surrounded
Autodesk (ADSK). Financial institutions have adjusted their stock positions with some increasing their holdings while others have cut down.
Robeco Schweiz AG, Wrapmanager Inc., and Royal London Asset Management Ltd are worth noting, due to their increased positions. Autodesk has also been given an upgrade by HSBC. Q2 results came out positive which provided a
boost to Autodesk's stock, as revenues and earnings surpassed the estimates. They even showed a 10.8% rise since their last earnings report. Investors are also perceived to hold positive views owing to the rise of Autodesk in the market compared to other software stocks and strong financial aspects contributing to momentum. Despite a delay in Form 10-K filing and it’s subsequent deficiency notification, Autodesk's prospects seem good with better visibility towards mid-teens growth. However,
Starboard Value LP, an activist investor, is advocating for holding the CEO accountable after a probe and demanding more transparency. Autodesk has acquired Wonder Dynamics, which suggests a move towards cloud-based AI technology.
Autodesk ADSK News Analytics from Fri, 01 Mar 2024 08:00:00 GMT to Sun, 15 Sep 2024 11:32:31 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 3
