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

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 Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.3%. By the end of trading, Autodesk rose $0.84 (1.7%) to $51.08 on average volume. Throughout the day, 3,713,052 shares of Autodesk exchanged hands as compared to its average daily volume of 2,637,500 shares. The stock ranged in a price between $50.74-$51.68 after having opened the day at $50.82 as compared to the previous trading day's close of $50.24. Other companies within the Computer Software & Services industry that increased today were: Majesco Entertainment Company ( COOL), up 12.1%, Sungame ( SGMZ), up 9.4%, Digimarc Corporation ( DMRC), up 7.3% and icad ( ICAD), up 7.3%.

Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $11.2 billion and is part of the technology sector. The company has a P/E ratio of 45.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Autodesk a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Merge Healthcare ( MRGE), down 8.7%, Astea International ( ATEA), down 7.3%, BroadSoft ( BSFT), down 6.6% and Edgewater Technology ( EDGW), down 6.6% , were all laggards within the computer software & services industry with Electronic Arts ( EA) 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).

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

Three Activist Hedge Funds to Watch

Three Activist Hedge Funds to Watch

Why These Tech Companies Could Become Private Equity Targets in 2018

Why These Tech Companies Could Become Private Equity Targets in 2018

Oracle Is Once More Turning to M&A to Boost Flagging Growth

Oracle Is Once More Turning to M&A to Boost Flagging Growth

Outlook for Autodesk: Cramer's Top Takeaways

Outlook for Autodesk: Cramer's Top Takeaways

What to Worry About for 2018: Cramer's 'Mad Money' Recap (Wednesday 12/6/17)

What to Worry About for 2018: Cramer's 'Mad Money' Recap (Wednesday 12/6/17)