Autodesk Inc. was reportedly considering a potential cash-and-stock acquisition of software firm PTC Inc., engaging advisers to evaluate the deal. Initial reports led to a surge in PTC's stock price, followed by a pullback. However, by July 14, 2025, Autodesk announced it was no longer pursuing the acquisition of PTC. The company emphasized its continued focus on organic growth, targeted tuck-in acquisitions, margin expansion, and the execution of its business model transition. Autodesk also confirmed it will maintain its share repurchase program. Following this development, BofA Securities reiterated a neutral rating on Autodesk and maintained a price target of $330 for PTC, reflecting the view that the acquisition deal is off the table.