Autodesk Inc (NASDAQ:ADSK) is up 4.6% to trade at $236.11 today, after the Wall Street Journal reported Starboard Value, which disclosed a $500 million stake in the company, is suing Autodesk's board while simultaneously pushing for changes. The firm alleged that the board perpetuated an "entrenchment scheme" and "misled investors," with hopes to nominate new members shortly.  On the charts, today's pop had ADSK jumping back above its 200-day moving average for the first time since a steep mid-April bear ga ...

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SAN FRANCISCO, June 17, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today issued the following statement in response to a letter from Starboard Value LP to its shareholders:Autodesk's Board of Directors maintains an open dialogue with our shareholders and welcomes input on our business, including from Starboard, with whom we have sought to engage constructively since they first reached out in early June. The Autodesk Board and management team regularly evaluate opportunities to enhance long-term valu ...

Activist investor Starboard Value took a $500 million stake in design software company Autodesk (NASDAQ:ADSK) and may file a lawsuit over the company’s accounting issues. This news is sending ADSK stock up.Shares in Autodesk rose 5% over the weekend on the news. ADSK stock was due to open this morning at $237, a market capitalization of nearly $51 billion after 2023 sales of $5.5 billion.Design Is Soft, Accounting Is HardAutodesk was founded in 1982 by John Walker around a design tool called AutoCAD. Its so ...

NEW YORK, June 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Autodesk, Inc. (NASDAQ: ADSK).Shareholders who purchased shares of ADSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/autodesk-loss-submission-form/?id=85485&from=4 CLASS PERIOD: June 1, 2023 to April 16, 202 ...

Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board in recent weeks over a number of serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer.Starboard's stake is valued at roughly $500 million, according to people familiar with the matter. The activist, which has a long track record of investing in the technology sector, is particularl ...

NEW YORK, June 16, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”), shareholders who want to serve as lead plaintiff for the class must file their motions with the court by June 24, 2024. If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or c ...

NEW YORK, June 13, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the "Class Period"), of the important June 24, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or co ...

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”), of the important June 24, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fee ...

Loading...Loading...Goldman Sachs analyst Kash Rangan maintained a Sell rating on AutoDesk Inc ADSK and lowered the price target from $230 to $225.Rangan noted Autodesk as a category leader with a dominant market position within design and engineering software.The analyst noted the company’s strong competitive positioning and relative stickiness could command operating margins north of 40% in the long term.Also Read: What’s Going On With Autodesk Stock After Earnings?While appreciating fiscal first-quarter ...