Wednesday, January 12, 2011

Adobe (Nasdaq:ADBE), Symantec (Nasdaq:SYMC), VeriSign (Nasdaq:VRSN), BMC (NYSE:BMC) Top Software Picks of Citigroup (NYSE:C)

Adobe (Nasdaq:ADBE) continues to be the "Top Pick" in the software sector by Citigroup (NYSE:C), continuing on with their call from the middle of December. Other top software picks by Citigroup are Symantec (Nasdaq:SYMC), VeriSign (Nasdaq:VRSN) and BMC (NYSE:BMC).

For BMC Software, Citi called them their "growth at a reasonable price" idea.

Concerning Symantec, they were identified as the "Top Value" idea by the giant bank.

VeriSign was singled out as the "Top Growth" software stock in the sector.

Adobe was trading at $33.69, gaining $0.71, or 2.15 percent, as of 2:34 PM EST. Citigroup has a price target of $42 on Adobe. BMC Software was trading at $47.60, up $0.23, or 0.49 percent. Symantec was at $17.72, up $0.63, or 3.69 percent. VeriSign was trading down $32.56, losing $0.21, or 0.64 percent.

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