Canaccord Genuity Initiates Coverage on 16 Technology – Enterprise Software Stocks

October 5, 2010 11:16 AM EDT
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Price: $201.14 --0%

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    21 Buy, 9 Hold, 0 Sell

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Canaccord Genuity initiates coverage on Technology – Enterprise Software stocks.

Canaccord analyst says, "We are launching coverage of 16 software companies (two transfers of coverage). Our four favorite BUY-rated stocks are: Ultimate Software (Nasdaq: ULTI), Autodesk (Nasdaq: ADSK), AspenTech (Nasdaq: AZPN) and Pegasystems (Nasdaq: PEGA). Each firm has unique drivers, but they are all leaders in their segments."

Other stocks include: ANSYS (Nasdaq: ANSS), Bottomline Technologies (Nasdaq: EPAY), Constant Contact (Nasdaq: CTCT), Intuit (Nasdaq: INTU), Monotype Imaging (Nasdaq: TYPE), Nuance Communications (Nasdaq: NUAN), Oracle (Nasdaq: ORCL), Parametric Technology (Nasdaq: PMTC), and SPS Commerce (Nasdaq: SPSC) - Rated 'Buy'.

Success Factors (Nasdaq: SFSF), (NYSE: CRM), NetSuite (NYSE: N) - Rated 'Hold'.

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