Autodesk Inc. (ADSK): Today's Featured Computer Software & Services 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 Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Autodesk fell $0.93 (-1.7%) to $54.47 on heavy volume. Throughout the day, 4,160,388 shares of Autodesk exchanged hands as compared to its average daily volume of 2,577,600 shares. The stock ranged in price between $54.45-$55.98 after having opened the day at $55.40 as compared to the previous trading day's close of $55.40. Other companies within the Computer Software & Services industry that declined today were: Avid Technology ( AVID), down 28.8%, Commtouch Software ( CTCH), down 12.0%, GlobalSCAPE Incorporated ( GSB), down 9.6% and Authentidate Holding Corporation ( ADAT), down 7.7%.

Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $12.4 billion and is part of the technology sector. Shares are up 9.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Autodesk a buy, no analysts rate it a sell, and 6 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, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Wave Systems Corporation ( WAVX), up 15.5%, CSP ( CSPI), up 7.7%, Textura ( TXTR), up 7.0% and NQ Mobile ( NQ), up 6.2% , were all gainers within the computer software & services industry with Splunk ( SPLK) being today's featured computer software & services industry leader.

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).

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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