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Barchart
Anushka Dutta

Is Autodesk Stock Underperforming the S&P 500?

Autodesk

Autodesk, Inc. (ADSK) develops design and engineering software that empowers professionals in architecture, construction, manufacturing, and media to create and innovate. The company operates globally, delivering 3D modeling tools that streamline workflows across industries. Its headquarters is in San Francisco, California. Autodesk has a market capitalization of $54.67 billion, making it a “large-cap” stock. 

Autodesk’s shares reached a 52-week low of $215.01 on Feb. 24, but are up 22.8% from that level. Over the past three months, the stock has declined 13.9% as the company is undergoing a restructuring to reallocate investments toward artificial intelligence (AI) and cloud technologies. On the other hand, the broader S&P 500 Index ($SPX) is down only marginally over the past three months. 

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