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Activist discloses 5.7% Autodesk stake; shares +3.4%

Nov. 04, 2015 5:42 PM ETAutodesk, Inc. (ADSK) StockADSKBy: Eric Jhonsa, SA News Editor1 Comment
  • Sachem Head Capital Management has disclosed a 12.9M-share (5.7%) stake in Autodesk (NASDAQ:ADSK), and says it intends to hold talks with management, the board, and other shareholders "that may relate to the business, management, operations (including cost structure), assets, capitalization, financial condition, strategic plans, governance and board composition and the future of [Autodesk]." (13D filing)
  • The CAD/CAM software giant's shares have risen to $59.80 after hours. FQ3 results arrive on the afternoon of Nov. 19.

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