Autodesk Inc ( ADSK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 2.1%. By the end of trading, Autodesk Inc fell $1.23 (-3.4%) to $34.60 on light volume. Throughout the day, 3.4 million shares of Autodesk Inc exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in price between $34.46-$35.31 after having opened the day at $35.25 as compared to the previous trading day's close of $35.83. Other company's within the Computer Software & Services industry that declined today were: Changyou.com ( CYOU), down 12.2%, Shanda Games ( GAME), down 11.9%, Camelot Information Systems Inc ( CIS), down 10.9%, and VanceInfo Technologies Inc ( VIT), down 10.6%. Autodesk, Inc. provides design software and service solutions to customers in architecture, engineering, and construction; manufacturing; and digital media and entertainment industries. Autodesk Inc has a market cap of $7.5 billion and is part of the technology sector. The company has a P/E ratio of 30.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 6.8% year to date as of the close of trading on Friday. TheStreet Ratings rates Autodesk as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
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