BlackRock Inc. revealed in a 13F filing that it has acquired a new stake in Autodesk, purchasing over 24.8 million shares valued at approximately $4.83 billion. [2] This significant investment gives BlackRock an 11.77% ownership stake in the software company, signaling a strong vote of confidence from the world's largest asset manager. This news comes as other firms also show interest in the company ahead of its upcoming earnings report on August 27. [2]
Separately, analysts at both Stifel and Barclays reiterated their positive outlooks on the stock on August 19. Stifel maintained a "buy" rating with a $285 price target, while Barclays reiterated its "Overweight" rating and a $300 price target. [7, 8]