11:27 AM EDT, 08/06/2024 (MT Newswires) -- Autodesk's ( ADSK ) board must assess whether Chief Executive Andrew Anagnost should to continue to lead the company, shareholder Starboard Value said Tuesday, reiterating its concerns over the stock's underperformance.

Exploring a CEO change is among several "value-enhancing opportunities" that Autodesk's ( ADSK ) board must immediately focus on amid the software company's "disappointing" performance, according to Starboard. The activist investor previously said it owns more than $500 million worth of Autodesk ( ADSK ) stock.

In a detailed presentation, Starboard also sought cost structure right-sizing, budgeting discipline improvement, and an overhaul of compensation practices by Autodesk ( ADSK ).

"Since Mr. Anagnost's appointment as permanent CEO in June 2017, Autodesk ( ADSK ) has faced myriad issues, which

have driven massive underperformance," Starboard said.

Autodesk ( ADSK ) did not immediately respond to a request for comment from MT Newswires.

Shares of Autodesk ( ADSK ) were up 3.1% in recent trading.

Price: 232.71, Change: +6.99, Percent Change: +3.10