Autodesk Inc. (ADSK): Today's Featured Computer Software & Services Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Autodesk ( ADSK) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.1%. By the end of trading, Autodesk rose $0.38 (1.1%) to $35.50 on average volume. Throughout the day, 3,336,254 shares of Autodesk exchanged hands as compared to its average daily volume of 2,764,400 shares. The stock ranged in a price between $35.30-$36.40 after having opened the day at $35.48 as compared to the previous trading day's close of $35.13. Other companies within the Computer Software & Services industry that increased today were: Webmedia Brands ( WEBM), up 60.7%, Mediabistro ( MBIS), up 60.7%, NCI ( NCIT), up 13.7% and Marketo ( MKTO), up 8.5%.
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Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $8.0 billion and is part of the technology sector. The company has a P/E ratio of 36.5, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Autodesk a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Kingtone Wirelessinfo Solution ( KONE), down 7.5%, Bridgeline Digital ( BLIN), down 5.1%, Innovative Solutions and Support ( ISSC), down 4.6% and inContact ( SAAS), down 3.5% , were all laggards within the computer software & services industry with Microsoft Corporation ( MSFT) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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