Reaffirmed: Citrix Systems (NASDAQ:CTXS) “Hold” Rating Reaffirmed by Stifel Nicolaus; $77.0 Target in Place

December 8, 2017 - By Marie Mckinney

 Reaffirmed: Citrix Systems (NASDAQ:CTXS)

Investors sentiment increased to 0.89 in Q2 2017. Its up 0.01, from 0.88 in 2017Q1. It improved, as 42 investors sold Citrix Systems, Inc. shares while 184 reduced holdings. 51 funds opened positions while 150 raised stakes. 132.01 million shares or 0.62% less from 132.83 million shares in 2017Q1 were reported.

Pictet And Cie (Europe) Sa reported 0.14% in Citrix Systems, Inc. (NASDAQ:CTXS). Oppenheimer Asset holds 0.01% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 6,519 shares. Blackrock Incorporated has invested 0.04% in Citrix Systems, Inc. (NASDAQ:CTXS). State Of Tennessee Treasury Department reported 0.02% in Citrix Systems, Inc. (NASDAQ:CTXS). Commonwealth Equity holds 6,184 shares or 0% of its portfolio. Jane Street Grp Limited Liability Com holds 0% or 11,072 shares in its portfolio. Wellington Mgmt Group Llp, a Massachusetts-based fund reported 89,665 shares. First Citizens Bank invested in 30,313 shares. 325,923 were reported by Apg Asset Nv. Balyasny Asset Ltd Liability, a Illinois-based fund reported 3,000 shares. Pictet Asset Management holds 87,324 shares. Massachusetts Financial Svcs Ma holds 19,489 shares. Asset Management One Ltd reported 336,682 shares or 0.07% of all its holdings. Nordea Invest Mngmt Ab owns 0.05% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 254,625 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt holds 0.01% or 7,300 shares in its portfolio.

Citrix Systems (NASDAQ:CTXS) Rating Reaffirmed

In analysts note issued this morning, Stifel Nicolaus reaffirmed their “Hold” rating on Citrix Systems (NASDAQ:CTXS) shares. The target gives a possible downside of -11.67 % from firm’s last stock close price.

Investors sentiment increased to 0.89 in Q2 2017. Its up 0.01, from 0.88 in 2017Q1. It improved, as 42 investors sold Citrix Systems, Inc. shares while 184 reduced holdings. 51 funds opened positions while 150 raised stakes. 132.01 million shares or 0.62% less from 132.83 million shares in 2017Q1 were reported.

Pictet And Cie (Europe) Sa reported 0.14% in Citrix Systems, Inc. (NASDAQ:CTXS). Oppenheimer Asset holds 0.01% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 6,519 shares. Blackrock Incorporated has invested 0.04% in Citrix Systems, Inc. (NASDAQ:CTXS). State Of Tennessee Treasury Department reported 0.02% in Citrix Systems, Inc. (NASDAQ:CTXS). Commonwealth Equity holds 6,184 shares or 0% of its portfolio. Jane Street Grp Limited Liability Com holds 0% or 11,072 shares in its portfolio. Wellington Mgmt Group Llp, a Massachusetts-based fund reported 89,665 shares. First Citizens Bank invested in 30,313 shares. 325,923 were reported by Apg Asset Nv. Balyasny Asset Ltd Liability, a Illinois-based fund reported 3,000 shares. Pictet Asset Management holds 87,324 shares. Massachusetts Financial Svcs Ma holds 19,489 shares. Asset Management One Ltd reported 336,682 shares or 0.07% of all its holdings. Nordea Invest Mngmt Ab owns 0.05% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 254,625 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt holds 0.01% or 7,300 shares in its portfolio.

Citrix Systems, Inc. (NASDAQ:CTXS) Ratings Coverage

Among 23 analysts covering Citrix Systems Inc. (NASDAQ:CTXS), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. Citrix Systems Inc. has $104 highest and $56 lowest target. $85.68’s average target is -1.71% below currents $87.17 stock price. Citrix Systems Inc. had 73 analyst reports since July 29, 2015 according to SRatingsIntel. Bank of America downgraded Citrix Systems, Inc. (NASDAQ:CTXS) on Wednesday, March 15 to “Neutral” rating. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Hold”. Needham maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, October 22. Needham has “Buy” rating and $90 target. As per Thursday, April 21, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, July 21 by Mizuho. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Buy” rating given on Thursday, August 31 by Robert W. Baird. The rating was maintained by Jefferies on Friday, July 7 with “Sell”. Barclays Capital maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, August 3. Barclays Capital has “Overweight” rating and $90 target. The firm earned “Underweight” rating on Tuesday, January 19 by Morgan Stanley. The firm has “Sell” rating given on Thursday, October 19 by Jefferies.

The stock decreased 0.25% or $0.22 during the last trading session, reaching $87.17. About 1.53M shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 26.42% since December 8, 2016 and is uptrending. It has outperformed by 9.72% the S&P500.

Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on January, 24. They expect $1.38 earnings per share, down 3.50 % or $0.05 from last year’s $1.43 per share. CTXS’s profit will be $207.93M for 15.79 P/E if the $1.38 EPS becomes a reality. After $1.00 actual earnings per share reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts 38.00 % EPS growth.

Citrix Systems, Inc. provides an integrated platform for secure app and data delivery, and network functionality as a cloud service worldwide. The company has market cap of $13.13 billion. The firm offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives clients the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients. It has a 29.53 P/E ratio. The Company’s workspace services also comprise XenMobile enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data solutions.

More news for Citrix Systems, Inc. (NASDAQ:CTXS) were recently published by: Bizjournals.com, which released: “Exclusive: Citrix lays off nearly 100 Santa Clara employees” on December 01, 2017. Realmoney.Thestreet.com‘s article titled: “Citrix Systems Continues to Work as a Long” and published on December 07, 2017 is yet another important article.

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