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Autodesk, Inc. (ADSK), with a market capitalization of approximately $128.2 billion, is a global software company providing design and engineering solutions. The San Francisco, California-based company’s technology supports architecture, engineering, construction, product design, manufacturing, media, and entertainment, helping customers design, create, and manage products, buildings, and infrastructure.
Shares of the enterprise software giant have considerably underperformed the broader market over the past year. ADSK has declined 14.8% over this period, while the broader S&P 500 Index ($SPX) has rallied 19.3%. On a year-to-date basis, ADSK has continued to underperform, plunging 16.6%, compared with the index’s 12.4% gain over the same period.
