Autodesk's Potential PTC Acquisition Seen Bolstering AI Aims -- Market Talk
Dow Jones
Jul 11
1548 ET - Autodesk's reported potential takeover of rival software firm PTC should position the company better as artificial intelligence becomes more commonplace in design, Oppenheimer analysts say in a note. Such a deal would add product-lifecycle-management software to Autodesk's portfolio, which the company could cross-sell into its large install base, the analysts say. Longer term, those offerings are strategic to bolster Autodesk's data layer and boost its AI initiatives, they say. Bloomberg initially reported the deal Wednesday, citing people familiar with the matter. Shares of Autodesk edge down 6.5% while those of PTC decline 6.8%. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
July 10, 2025 15:48 ET (19:48 GMT)
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