Application Software

Compuware Corporation (Nasdaq: CPWR) today announced that it has acquired privately held dynaTrace software. The $256 million cash acquisition closed on July 1, 2011. "Organizations today depend on the rapid development and delivery of high-performing applications to drive revenues, customer...

Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 40 points to 12,493.00 and futures on the S&P 500 stock index fell 6 points to 1,330.70. Nasdaq 100 futures dropped 6.25 points to 2,365.75. A...

Morgan Stanley made a number of updates in a research report published today. Intuit (NASDAQ: INTU) had its rating lowered from Overweight to Equal-weight. At the same time, the rating agency removed its price target on the company's stock. On Tuesday, Intuit added 0.23% to its value to end the...

Callidus Software Inc. (NASDAQ: CALD) announced today it has acquired a provider of on-demand portal software for sales enablement, iCentera. Financial terms of the transaction were not disclosed.

Morgan Stanley has downgraded Intuit (NASDAQ: INTU) from Overweight to Equal-weight and has removed its $59 price target.

Below are the top mid-cap technical & system software stocks on the NYSE and the NASDAQ in terms of cash. Autodesk Inc (NASDAQ: ADSK) had $1.35 billion in total cash and no debt for the latest quarter. Synopsys Inc (NASDAQ: SNPS) had $840.46 million in total cash and no debt for the latest...

Oppenheimer & Co. is reiterating its Outperform rating and $34 price target on shares of Kenexa (NASDAQ: KNXA). In a note to clients, Oppenheimer & Co. writes, "Following KNXA's late-May 2011 secondary (that brought in ~$80M in net proceeds) we are adjusting our model to reflect the...

Pegasystems Inc. (NASDAQ: PEGA) today announced that it has signed a lease to move its corporate headquarters to an office complex at One Rogers Street and One Charles Park in Cambridge, Massachusetts. Relocation to the new office facility is expected to begin later this year. Pegasystems is...

Wunderlich Securities lowered its NetScout Systems (NASDAQ: NTCT) price target from $26 to $18 in a research report published today. Wunderlich Securities has previously given NetScout Systems a Hold rating. In the report, Wunderlich Securities states, "Last night, NetScout (NTCT) pre-announced...

Syntroleum Corporation (NASDAQ: SYNM) shares fell 2.05% to create a new 52-week low of $1.43. SYNM's trailing-twelve-month profit margin is -275.76%. Smith Micro Software Inc (NASDAQ: SMSI) shares dropped 5.20% to create a new 52-week low of $3.83. SMSI's PEG ratio is -1.46. Novavax Inc (NASDAQ:...

Twin Disc Incorporated (NASDAQ: TWIN) shares rose 1.38% to create a new 52-week high of $40.50. TWIN shares have jumped 256.06% over the past 52 weeks, while the S&P 500 index has gained 31.01% in the same period. Immucor Inc (NASDAQ: BLUD) shares gained 30.29% to create a new 52-week high of...

Zion Oil & Gas Inc (NASDAQ: ZNWAZ) dipped 31.55% to $1.64 at 10:00 am. Zion Oil & Gas Inc (NASDAQ: ZN) fell 18.81% to $4.79. ZN disclosed weak drilling results in a regulatory filing. Pansoft Company Limited (NASDAQ: PSOF) shares moved down 16.77% to $3.25. PSOF's trailing-twelve-month...

Bank of America Merrill Lynch is dropping its rating on shares of Blackboard (NASDAQ: BBBB) after it agreed to be acquired for $45 per share by Providence Equity Partners. In a note to clients, Bank of America Merrill Lynch writes, "Blackboard announced an agreement to be acquired by a group led...

NetScout Systems (NASDAQ: NTCT) is down 15% after announcing Q1 guidance that is lower than the analysts are expecting. The company now sees Q1 EPS of $0.11-0.13 vs. $0.20 estimate and revenue of $62-64M vs. $71.7M estimate. NetScout designs, develops, manufactures, markets, sells and supports...

Longtop Financial Technologies Limited (NYSE: LFT) announced today that Thomas Gurnee, the Independent Director & Chairman of Audit Committee, Zuyun Xue and Yifeng Shen, the Independent Directors & Members of Audit Committee all tendered their resignations by email with effect from July 1...