Starboard Value Is Betting Big on Autodesk (ADSK) Stock. What Comes Next?

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$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 ...