Barclays Starts Software Sector at Positive: CTXS, VMW, CRM, PMTC Named Top Picks

Barclays' Raimo Lenschow initiated coverage on the Software sector with a Positive sector rating Monday evening. The analyst believes the structural growth stories of many of the following names offer investments which may outperform the broader market.

Lenschow's top picks are Citrix, VMware , Salesforce and Parametrics.

Started at Overweight:

• Salesforce.com (NYSE: CRM) - $143 price target
  
• Parametric (Nasdaq: PMTC) - $24 price target
  
• VMware (NYSE: VMW) - $115 price target
  
• Citrix (Nasdaq: CTXS) - $87 price target
  
• Oracle (Nasdaq: ORCL) - $37 price target
  
• Intuit (Nasdaq: INTU) - $62 price target
  
• LogMeIn (Nasdaq: LOGM) - $52 price target
  
• Netsuite (NYSE: N) - $50 price target
  
• SAP (NYSE: SAP) - $70 price target
  
• Informatica (Nasdaq: INFA) - $60 price target
  
• Ariba (Nasdaq: ARBA) - $37 price target
  
• Qlik Technologies (Nasdaq: QLIK) - $33 price target
  
• Cornerstone OnDemand (Nasdaq: CSOD) - $21 price target

Started at Equalweight:

• Microsoft (Nasdaq: MSFT) - $29 price target
  
• Autodesk (Nasdaq: ADSK) - $38 price target
  
• Taleo (Nasdaq: TLEO) - $37 price target
  
• Tibco Software (Nasdaq: TIBX) - $30 price target
  
• Teradata (NYSE: TDC) - $61 price target
  
• DealerTrak (Nasdaq: TRAK) - $28 price target
  
• Symantec (Nasdaq: SYMC) - $18 price target

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