3 Stocks Moving The Computer Software & Services Industry Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Activision Blizzard ( ATVI), up 0.5%, and Salesforce.com ( CRM), up 0.6%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Aspen Technology ( AZPN) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Aspen Technology is up $2.91 (9.2%) to $34.73 on heavy volume. Thus far, 1.3 million shares of Aspen Technology exchanged hands as compared to its average daily volume of 422,400 shares. The stock has ranged in price between $33.73-$36.54 after having opened the day at $36.00 as compared to the previous trading day's close of $31.82.

Aspen Technology, Inc. provides integrated process optimization software solutions to manage and optimize plant and process design, operational performance, and supply chain planning. Aspen Technology has a market cap of $3.1 billion and is part of the technology sector. Shares are up 19.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Aspen Technology a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Aspen Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Aspen Technology Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Aspen Technology (AZPN) Stock Dropped Today, Downgraded at Benchmark

Analysts' Actions -- American Express, CME, Dr. Pepper Snapple, PulteGroup and More

11 High-Growth Tech Stocks to Avoid in 2016

Trade-Ideas: Aspen Technology (AZPN) Is Today's "Dead Cat Bounce" Stock

AZPN, ATVI And CTSH, Pushing Computer Software & Services Industry Downward