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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Autodesk ( ADSK) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Autodesk fell $1.19 (-3.2%) to $35.39 on heavy volume. Throughout the day, 4,488,704 shares of Autodesk exchanged hands as compared to its average daily volume of 2,756,100 shares. The stock ranged in price between $34.73-$36.68 after having opened the day at $36.51 as compared to the previous trading day's close of $36.58. Other companies within the Technology sector that declined today were: MERU Networks ( MERU), down 27.3%, SatCon Technology Corporation ( SATC), down 25.0%, Jive Software ( JIVE), down 21.4% and Friendfinder Networks ( FFN), down 16.3%.

Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $8.1 billion and is part of the computer software & services industry. Shares are up 2.3% year to date as of the close of trading on Tuesday. Currently there are 7 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 reasonable valuation levels, 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 positive front, Marketo ( MKTO), up 20.0%, Daegis ( DAEG), up 17.4%, Edgewater Technology ( EDGW), up 17.4% and ChinaNet Online Holdings ( CNET), up 16.6% , were all gainers within the technology sector with Texas Instruments ( TXN) being today's featured technology sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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