A series of events has unfolded around Autodesk (ADSK). The company has seen increased investment interest with Natixis Advisors LLC purchasing 9,305 shares and several other investment groups also growing their holdings, such as Sumitomo Mitsui Trust Group Inc., Snider Financial Group and other key players. Autodesk's stock has been performing strongly, with price targets raised to $355 at Barclays. Furthermore, Autodesk was considered as one of the best metaverse stocks to buy based on hedge funds and a top 3D printing stock. Optimism for its growth was stirred by the unveiling of AI innovations at Autodesk University, pushing their stock up 6%. Autodesk's considerable surge in options activity was also noted, while its Q2 earnings exceeded expectations. The company has, however, faced criticism. Autodesk's insiders sold $31M of stock, possibly signalling caution, and Starboard Value LP raised activist investor pressure on the firm. Despite this, Autodesk's stock rose after Starboard Value took a stake, and Autodesk responded by raising its outlook.
Autodesk ADSK News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:59:36 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 2
