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Open Text, Microsoft and the Top 17 Enterprise Software Stocks

Melisa R. H. Posted On March 5, 2019
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Software is at the heart of the information age and is a huge driver of enterprises. Software stocks, under the technology sector, is set to grow even more as automation, and digitization continue in the workplace. These companies produce software widely used by companies and so they grow in tandem with other sectors which utilize their technology. Here are the top 17 enterprise software stocks right now:

💻 Technology

Open Text (OTEX-T)
A Canadian company that develops and sells enterprise information management software. They pay a 1.6% dividend. They have high free cash flow and their fundamentals are looking good. They’ve been mentioned by numerous analysts as either a top pick or a buy.

Open Text (OTEX-T) — Stockchase
Open Text (OTEX-T) — Stockchase

It has 75 000 customers which is only 10% penetration of the software business. It also wants to increase its contact (has 40% right now) with more of the Global 10 000 companies. Its software offering is broader. Is an aquisitor. Would seriously consider buying. Regarding interest rates, he feels that the effect of rising…

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Shopify Inc. (SHOP-T)
A company that is considered a Canadian unicorn. They provide a computer software platform for online stores and retail point-of-sale systems. The charts look good, and their addressable market is huge. A world leader in the e-commerce space.

Shopify Inc. (SHOP-T) — Stockchase
Shopify Inc. (SHOP-T) — Stockchase

Would suggest thinking about valuing companies based on how well can survive tech selloff. Waiting to see if company can generate income and profit. Will stay on sidelines until earnings are proven. Watch company and wait to see what happens.

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Adobe Systems (ADBE-Q)
They provide software that is ubiquitous in the digital media/creative space. It is at a high valuation right now but it is a quality business. It is heavily used in corporate America and their cloud business is growing.

Adobe Systems (ADBE-Q) — Stockchase
Adobe Systems (ADBE-Q) — Stockchase

A leader. But all software companies get painted with the same brush of a recession. Average 12-month target of $563. Buy some here around $400, 380, and 360. It shouldn't go under $350.

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SalesForce.com Inc. (CRM-N)
An American cloud computing company that just released earnings. They’ve been consistently beating expectations. They were one off the first to offer software as a service and they’ve done very well. Their main business is for large companies and banks to interact with their clients.

SalesForce.com Inc. (CRM-N) — Stockchase
SalesForce.com Inc. (CRM-N) — Stockchase

He owns a big position. It's about pure infrastructure; their technology is essential to businesses for customer acquisition and retention that will last decade. CRM is a long-term hold.

stockchase.com stockchase.com

FireEye Inc (FEYE-Q)
An enterprise cybersecurity company that seeks to protect against cyber threats. They are a leader in security as a service and demand is growing.

FireEye Inc (FEYE-Q) — Stockchase
FireEye Inc (FEYE-Q) — Stockchase

Poster child when it comes to security as a service. Offer software instead of hardware, and the first to get in, so they have a lead. Instead, he owns Palo Alto and Splunk on the cybersecurity side. But it's on their shopping list, once markets settle down.

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Autodesk Inc (ADSK-Q)
A 3D design software corporation that is used by architecture, engineering, media and connected industries. They are growing and acquiring companies so it should definitely be on your watchlist for a good entry point.

Autodesk Inc (ADSK-Q) — Stockchase
Autodesk Inc (ADSK-Q) — Stockchase

One of the best-run companies in the world, but doesn't get talked about. The software is enterprise-oriented, which he has used and thinks is very good.

stockchase.com stockchase.com

Servicenow (NOW-N)
An American cloud computing company. Their software is used to manage workflow in companies that provide services such as IT servicing. They’re growing rapidly and was mentioned as a Top Pick by David Burrows.

Servicenow (NOW-N) — Stockchase
Servicenow (NOW-N) — Stockchase

A brave choice, as it's on the SaaS side. So much value here. A leader in workflow automation and machine learning. CEO is a driven management guy. Buy in thirds here at $414, 400, and 390. 12-month target of $650. No dividend. (Analysts’ price target is $648.60)

stockchase.com stockchase.com

Oracle (ORCL-N)
One of the world’s largest provider of database software. They’ve started changing their service into a subscription services and cloud based business. Their biggest client are financial institutions and are considered to not be a high risk trade.

Oracle (ORCL-N) — Stockchase
Oracle (ORCL-N) — Stockchase

Lots of horses in the stable. 12-month price target of $105.25. It has come down, but not as much as the market. Buy in thirds here at $69, 66, and 62-63.

stockchase.com stockchase.com

Red Hat Inc. (RHT-N)
An American open-source software products provider that is used in the enterprise community. IBM bought them recently. They help customers transition into the Cloud, and the demand for this type of service is expected to grow as companies transition into the cloud.

Red Hat Inc. (RHT-N) — Stockchase
Red Hat Inc. (RHT-N) — Stockchase

(A Top Pick Aug 29/18, Up 27%) Acquired by IBM. He started buying at $62 and was taken out at over $170. IBM needed power to get into the cloud space.

stockchase.com stockchase.com

Microsoft (MSFT-Q)
A giant in computing hardware and software. They pay a nice dividend that is expected to grow. They’re an absolute leader in software and the cloud who has been consistently growing. Their office program is moving to subscription base meaning good recurring revenue with high margins. A good stock to hold.

Microsoft (MSFT-Q) — Stockchase
Microsoft (MSFT-Q) — Stockchase

It has had a great run. It has good recurring revenue and doesn't rely on advertising. Its earnings multiples are in mid 20's but price replies on growth so not sure of future price. Multiples are shrinking.

stockchase.com stockchase.com

Tableau Software, Inc. (DATA-N)
They produce interactive data visualization products focused on business intelligence. They are pioneers in data analytics and they are moving from licensing to subscriptions and are getting rewarded for it.

Tableau Software, Inc. (DATA-N) — Stockchase
Tableau Software, Inc. (DATA-N) — Stockchase

(A Top Pick Mar 04/19, Up 35%) Salesforce bought them last June. He sold this later.

stockchase.com stockchase.com

Splunk Inc (SPLK-Q)
A software platform provider that uses a web-style interface to utilize big data. They’ve raised their 2020 revenue outlook and have returned about 21% in the last 2 months.

Splunk Inc (SPLK-Q) — Stockchase
Splunk Inc (SPLK-Q) — Stockchase

(A Top Pick Sep 21/20, Down 12%) He bought a 1/3 position here at $155, and he'll add at 140 and 125. Growing like a weed despite its scale. Uses are infinite, very focused on visualizing and analyzing machine data. Management always has profitability in mind. Valuation continues to be reasonable. Growth trajectory, but almost…

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Citrix Systems (CTXS-Q)
They are the leaders in providing a secure digital workspace in the cloud. They’ve also become the preferred and most-used solution for enterprise file synchronization and sharing (EFSS).

Citrix Systems (CTXS-Q) — Stockchase
Citrix Systems (CTXS-Q) — Stockchase

Among the biggest losers on the S&P in 2021 #7, down 27%. This software company could be put up for sale, pushed by activists. He has no idea what CTRX is worth. They used to be the king of business collaboration software. He once loved their product. Now, there are too many competitors.

stockchase.com stockchase.com

Cognizant Technology Solutions Corp. (CTSH-Q)
A IT services provider that helps companies implement technology. They started helping banks, insurance and healthcare generate more revenue using technology. An activist shareholder was brought in, and the company is focusing on value creation.

Cognizant Technology Solutions Corp. (CTSH-Q) — Stockchase
Cognizant Technology Solutions Corp. (CTSH-Q) — Stockchase

She sees a lot of good, long term, secular drivers. As technology permeates every business and every industry, these are the guys that come in and explain how a company can use technology. Historically, this was just on the expense side and how to get more efficient, but now use technology to generate revenue. This…

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Workday (WDAY-Q)
An on‑demand financial management and human capital management software vendor.They have brought in financial software that has helped them and analysts consider it a strong takeout target.

Workday (WDAY-Q) — Stockchase
Workday (WDAY-Q) — Stockchase

They reported today a clean top- and bottom-line beat and acclerating revenue growth. A monster quarter.

stockchase.com stockchase.com

MongoDB, Inc. (MDB-Q)
A networking software supplier. Their main clients are financial services, government, healthcare, retail and telecom companies. The financial results for the fourth quarter and full year are expected to be announced on March 13.

MongoDB, Inc.  (MDB-Q) — Stockchase
MongoDB, Inc. (MDB-Q) — Stockchase

It reports Monday. Unfortunately, it reports on the heels of Omicron and we'll learn more about soon. It got hit hard like so much tech today as money manager dump risky stocks. Unfortunately, it reports on the heels of Omicron.

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Okta, Inc. (OKTA-Q)
A cloud software company that helps companies manage their employee passwords. Major S&P companies have embraced this company and their stock price has seen a nice return. There is still space to grow so it’s worth a look.

Okta, Inc. (OKTA-Q) — Stockchase
Okta, Inc. (OKTA-Q) — Stockchase

It reports Wednesday and he's unsure because there's been a lot of turnover there. He wants to know what's happening there.

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