Autodesk shares jump after Schneider Electric announces $22.6 billion PTC acquisition
Autodesk (ADSK) stock rose in pre‑market trading after Schneider Electric disclosed an all‑cash deal to buy rival PTC for $22.6 billion at a 42.3% premium. The news prompted investors to re‑evaluate Autodesk’s valuation as a comparable engineering‑software company. Autodesk also reported 16% revenue growth and a 57% increase in net income in its latest quarter. The move came despite the stock being down 21.4% year‑to‑date and trading 30.3% below its 52‑week high.
Why it matters
The premium paid for PTC suggests strategic buyers value industrial AI and engineering software highly, which may lift Autodesk’s valuation in the eyes of investors. The pre‑market rally reflects a short‑term re‑rating of Autodesk’s stock price.
Key facts
- 1Schneider Electric announced an all‑cash acquisition of PTC for $22.6 billion. investing.com
- 2The deal represents a 42.3% premium to PTC’s last closing price. investing.com
- 3Autodesk shares rose 3.8% in pre‑market trading. investing.com
- 4Autodesk shares rose 3.6% in pre‑market trading. financialcontent.com
- 5Autodesk reported 16% revenue growth in its most recent quarter. investing.com
- 6Autodesk reported a 57% increase in net income in its most recent quarter. investing.com
Open questions
- The exact pre‑market percentage gain differs between sources (3.8% vs 3.6%).
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.