🟢 Autodesk is trading 4.01% up today as Schneider’s PTC offer prompts peer revaluation

Autodesk is trading 4.01% up at $230.44, as engineering-software shares benefit from continued sector revaluation following Schneider Electric’s announced $22.6 billion cash offer for PTC, a close competitor.

• Coverage said the offer’s premium prompted investors to reassess comparable engineering-software valuations.
• Reuters reported U.S. stocks reached record highs on October 6 as Treasury yields eased and oil prices fell.
• Autodesk announced a Fusion Flex-token feature beginning October 6; available reporting does not establish it as the cause of the share move.