Autodesk Under Fire: Activist Investor Demands Changes
Autodesk Under Fire: Activist Investor Demands Changes
Autodesk, Inc. (NASDAQ:ADSK) shares are trading higher after activist investor Starboard issued a presentation urging improvements at the company.
納斯達克上歐特克股票（Autodesk，Inc.）在激進投資者Starboard發表演講敦促公司改進後交易上漲。
The presentation underscores seven years of unmet financial targets, subpar profitability, and continued share price decline under CEO Andrew Anagnost.
演講強調安德魯·安納戈斯特（Andrew Anagnost）擔任首席執行官下的7年未達成的財務目標、低劣的盈利能力和持續的股價下跌。
According to Starboard's presentation, the Board has not held management accountable for these outcomes. Starboard has urged the Board to prioritize value-enhancing opportunities.
根據Starboard的演講，董事會沒有對管理層對這些結果負責。Starboard敦促董事會優先考慮增強價值的機會。
Starboard urges the Board to immediately reassess CEO Andrew Anagnost's performance to determine if he remains the best choice for Autodesk.
Starboard敦促董事會立即重新評估首席執行官安德魯·安納戈斯特的業績，以確定他是否仍然是歐特克最佳的選擇。
They also pointed out that the company should focus on boosting operating margins by at least 1,000 basis points and improving budgeting practices to ensure rigorous financial planning and significant operating leverage.
他們還指出，公司應專注於將運營利潤率提高至少1000個點子，並改善預算實踐，以確保嚴格的財務規劃和顯著的經營槓桿效應。
Additionally, Starboard demanded that Autodesk revise its compensation practices to align executive pay with shareholder value and discontinue setting annual targets for long-term compensation.
此外，Starboard要求歐特克修訂其薪酬實踐，以使執行薪酬與股東價值相一致，並停止設定長期薪酬的年度目標。
Related: Autodesk Stock Jumps As Activist Investor Pushes For Margin Improvement, Board Changes: The Details
相關文章：激進投資者推動歐特克（Autodesk）改善利潤率和董事會變化，歐特克股票飆升：詳細信息
They believe Autodesk should aim for approximately 55% incremental margins, similar to its design software peers.
他們認爲歐特克應當達到約55％的增量毛利率，類似於其設計軟件同行。
With such practices, Starboard projects that Autodesk can reach over 45% adjusted operating margins and $3.4 billion in adjusted EBITDA by FY2027, as well as $6+ billion of share repurchases through FY2027.
通過這樣的實踐，Starboard預計歐特克可以在2027財年達到45％以上的調整後運營利潤率和34億美元的調整後EBITDA，以及通過2027財年超過60億美元的股票回購。
In June, Autodesk reported first-quarter EPS of $1.87, which beat the analyst consensus estimate of $1.77, and sales came in at $1.42 billion, exceeding the analyst consensus estimate.
6月，歐特克報告了每股收益1.87美元的第一季度業績，超過了分析師的一致預期，銷售額達到了14.2億美元，超出了分析師的一致預期。
Investors can gain exposure to the stock via Pacer BlueStar Engineering the Future ETF (NASDAQ:BULD) and ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX).
投資者可以通過etf（Pacer BlueStar Engineering the Future ETF（納斯達克股票代碼：BULD）和ProShares S&P Kensho Smart Factories ETF（紐約證券交易所股票代碼：MAKX）。）獲得該股票的風險暴露。
Price Action: ADSK shares are up 3.62% at $233.88 at the last check Tuesday.
最後一次檢查時，ADSk股價上漲了3.62%，至233.88美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Image: courtesy of Autodesk
圖片：由歐特克提供