Adobe Systems, Hewlett Packard Company and Symantec are among the small sharks that might be involved in the current wave of acquisitions of software companies, according to Pacific Crest Securities.

CRM Demandware acquired last week, sparking speculation that other companies could be acquired. Matchmaking, Pacific Crest said in a research report that could target Adobe Shopify. One analyst said last week that Adobe could have been looking for Demandware.

Adobe Systems shares closed 0.4% on the stock market today. Shopify increased 1.4%. Symantec has taken essentially flat end, but Hewlett Packard shares rose 3.3%. You can get exact HP0-Y50 Question Answers.

Other possible targets, speculates Pacific Crest include these “small fish” as Tableau Software, Zendesk, Apigee and Imperva.

Although Microsoft has not been active in the 2011 cycle of mergers and acquisitions of related software, said Pacific Crest is emerging as a buyer in the current cycle. Microsoft in early 2015 tried to buy Salesforce, it was reported. Some rumors lately, however, Amazon as a potential buyer of Salesforce.

Hewlett Packard Company May 25 said spin off and merge its services division of Computer Sciences Corp. companies, a move that could put pressure on IBM to meet, according to analysts. HPE is holding its 2016 conference out this week in Las Vegas, where new partnerships can be advertised.

Pacific Crest speculated that IBM could be a contender for a software company or Apigee security.

“The 2016 M & A cycle consists of more small fish, but more sharks,” said Pacific Crest report. “Not only do we see the size of the software M & A expansion analytical pool and security of this cycle, we also believe that the market of vertical software is ready for consolidation, particularly in health care.”

Pacific Crest also includes alphabet and Amazon in your potential pool of sharks. SAP, Oracle and Cisco Systems also said, might be hiding, as is often the case of sharks.