Autodesk Inc. (ADSK): Today's Featured Technology Winner

Autodesk ( ADSK) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Autodesk rose $1.36 (3.5%) to $40.73 on average volume. Throughout the day, 2.2 million shares of Autodesk exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $39.37-$41.28 after having opened the day at $39.48 as compared to the previous trading day's close of $39.37. Other companies within the Technology sector that increased today were: PLX Technology ( PLXT), up 67.3%, Nexxus Lighting ( NEXS), up 27.1%, BOS Better Online Solutions ( BOSC), up 17.5%, and BluePhoenix Solutions ( BPHX), up 17.4%.

Autodesk, Inc. provides design software and services to customers worldwide. Autodesk has a market cap of $9.18 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.8, below the average computer software & services industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 29.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Autodesk a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Autodesk as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Servicesource International ( SREV), down 17.1%, MERU Networks ( MERU), down 15.5%, Park Electrochemical ( PKE), down 9.7%, and Integrated Device Technology ( IDTI), down 9.5%, were all losers within the technology sector with Xilinx ( XLNX) being today's technology sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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