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Autodesk rises as PTC buyout resets valuation outlook for engineering software

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Autodesk (ADSK) is up 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is a sector re-rating after Schneider Electric agreed to buy PTC in a large all-cash deal, which appears to have lifted sentiment around comparable engineering and industrial software names such as Autodesk. Recent Autodesk momentum from stronger guidance and ongoing AI product rollouts may have added support, but the takeover announcement looks like the clearest same-day driver.

Details:

  • Schneider Electric announced an agreement to acquire PTC for $205 per share in cash, valuing PTC’s equity at about $22.6 billion and putting a sizable premium on a close Autodesk peer.
  • Market reaction suggested investors viewed the transaction as a fresh valuation benchmark for engineering and product lifecycle software, where Autodesk is one of the largest listed names.
  • Autodesk’s most recent quarterly update included higher fiscal 2027 billings and revenue growth guidance, pointing to stronger underlying business expectations.
  • Autodesk also highlighted expanded agentic AI capabilities across its industry clouds in mid-September, which may have reinforced enthusiasm around the company’s longer-term growth story.
  • Sources:

    Autodesk Investor Relations, SEC, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ADSK Insider Trading Activity

    ADSK Insider Trades

    $ADSK insiders have traded $ADSK stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $ADSK stock by insiders over the last 6 months:

    • STACY J SMITH has made 2 purchases buying 3,435 shares for an estimated $794,054 and 0 sales.
    • ANDREW ANAGNOST (President and CEO) purchased 2,460 shares for an estimated $498,543
    • JANESH MOORJANI (EVP, Chief Financial Officer) purchased 2,500 shares for an estimated $494,174
    • JOHN T CAHILL purchased 2,000 shares for an estimated $378,400

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $ADSK Hedge Fund Activity

    We have seen 467 institutional investors add shares of $ADSK stock to their portfolio, and 743 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $ADSK Price Targets

    Multiple analysts have issued price targets for $ADSK recently. We have seen 14 analysts offer price targets for $ADSK in the last 6 months, with a median target of $302.5.

    Here are some recent targets:

    • Andrew DeGasperi from BNP Paribas set a target price of $295.0 on 06/18/2026
    • Blair Abernethy from Rosenblatt set a target price of $330.0 on 06/01/2026
    • Tyler Radke from Citigroup set a target price of $252.0 on 06/01/2026
    • Clarke Jeffries from Piper Sandler set a target price of $369.0 on 05/29/2026
    • Nick Altmann from BTIG set a target price of $300.0 on 05/29/2026
    • Daniel Jester from BMO Capital set a target price of $262.0 on 05/29/2026
    • Matthew Hedberg from RBC Capital set a target price of $305.0 on 05/29/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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