Brokers Rate Technology Stocks With New Price Targets: ADSK, DLB, CNQR, NTAP, NTES, RIMM, ARUN

Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Technology sector for the week ending November 18th, 2011.

  • Autodesk (NASDAQ:ADSK): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $30 to $35 on Nov 14th. The shares recently traded at $32.40, down $1.21, or 3.6% since the analyst’s rating. About the company: Autodesk, Inc. supplies PC software and multimedia tools. The Company’s two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk’s software products are sold worldwide through a network of dealers and distributors. Get the most recent company news and stock data here >>
  • Dolby Labs (NYSE:DLB): Collins Stewart reiterated its rating of Neutral for this company and changed its price target from $45 to $35 on Nov 14th. The shares recently traded at $30.50, up $2.52, or 9.01% since the analyst’s rating. About the company: Dolby Laboratories Inc. develops audio signal processing systems for the motion picture, broadcasting, and music recording industries, as well as the consumer market. Get the most recent company news and stock data here >>
  • Concur Tech (NASDAQ:CNQR): UBS reiterated its rating of Neutral for this company and changed its price target from $42 to $48. Needham reiterated its rating of Buy for this company and changed its price target from $48 to $62. RBC Capital Mkts reiterated its rating of Underperform for this company and changed its price target from $30 to $36 on Nov 16th. The shares recently traded at $46.58, down $0.17, or 0.36% since the analyst’s rating. About the company: Concur Technologies, Inc. provides workplace eCommerce software and services that extend automation to employees, partners, vendors, and service providers. The Company’s Concur eWorkplace product integrates its suite of workplace eCommerce solutions and provides a portal through which employees can access eCommerce information and services. Get the most recent company news and stock data here >>
  • Autodesk (NASDAQ:ADSK): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $35 to $38 on Nov 16th. The shares recently traded at $32.40, down $3.18, or 8.94% since the analyst’s rating. About the company: Autodesk, Inc. supplies PC software and multimedia tools. The Company’s two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk’s software products are sold worldwide through a network of dealers and distributors. Get the most recent company news and stock data here >>
  • NetApp (NASDAQ:NTAP): Needham reiterated its rating of Buy for this company and changed its price target from $51 to $47. Wunderlich reiterated its rating of Buy for this company and changed its price target from $68 to $47 on Nov 17th. The shares recently traded at $34.84, down $0.89, or 2.49% since the analyst’s rating. About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide. Get the most recent company news and stock data here >>
  • Netease.com (NASDAQ:NTES): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $55 to $60 on Nov 17th. The shares recently traded at $44.50, down $3.08, or 6.47% since the analyst’s rating. About the company: NetEase.com Inc. is an Internet technology company that develops applications, services and other Internet technologies in China. The Company provides online gaming services thatinclude in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides free email and various channels of content, online advertising, search and community services. Get the most recent company news and stock data here >>
  • Silicon Motion (NASDAQ:SIMO): Needham reiterated its rating of Buy for this company and changed its price target from $22 to $25 on Nov 17th. The shares recently traded at $18.02, down $1.5, or 7.68% since the analyst’s rating. About the company: Silicon Motion Technology Corporation is a semiconductor company that designs, develops, and markets semiconductor products for the multimedia consumer electronics market. The Company’s products include controllers used in mobile storage media and multimedia systems on a chip. Get the most recent company news and stock data here >>
  • Research In Motion (NASDAQ:RIMM): Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $28 to $21 on Nov 18th. The shares recently traded at $17.36, down $0.83, or 4.56% since the analyst’s rating. About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications. Get the most recent company news and stock data here >>
  • Mentor Graphics (NASDAQ:MENT): Needham reiterated its rating of Buy for this company and changed its price target from $15 to $16 on Nov 18th. The shares recently traded at $12.67, down $0.35, or 2.69% since the analyst’s rating. About the company: Mentor Graphics Corporation manufactures, markets, and supports software and hardware electronic design automation products. The Company provides related services which enable engineers to design, analyze, simulate, model, implement, and verify the components of electronic systems. Get the most recent company news and stock data here >>
  • Aruba Networks (NASDAQ:ARUN): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $25 to $27 on Nov 18th. The shares recently traded at $20.02, down $2.02, or 9.17% since the analyst’s rating. About the company: Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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