Are Analysts Bearish Citrix Systems, Inc. (NASDAQ:CTXS) After Last Week?

May 18, 2018 - By Matt Thomas

Citrix Systems, Inc. (NASDAQ:CTXS) LogoInvestors sentiment decreased to 0.68 in Q4 2017. Its down 0.21, from 0.89 in 2017Q3. It worsened, as 41 investors sold Citrix Systems, Inc. shares while 201 reduced holdings. 52 funds opened positions while 112 raised stakes. 125.57 million shares or 4.04% less from 130.86 million shares in 2017Q3 were reported.
535 were reported by Trust Co Of Vermont. 78,978 were accumulated by Grantham Mayo Van Otterloo & Communications Ltd Llc. State Of Tennessee Treasury Department invested in 37,031 shares. Pictet Asset Mgmt owns 84,636 shares or 0.02% of their US portfolio. Massachusetts-based Martingale Asset Management L P has invested 0.07% in Citrix Systems, Inc. (NASDAQ:CTXS). Moreover, Nokota Mgmt L P has 0.19% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 113,231 shares. Clearbridge Invs Ltd Liability Corp, New York-based fund reported 7.13 million shares. 6,426 are owned by Dodge And Cox. Voya Invest Management Lc holds 90,860 shares. 254,265 are held by Assetmark. Hillsdale Inv accumulated 0.07% or 4,780 shares. Louisiana State Employees Retirement System holds 0.03% or 8,700 shares in its portfolio. Wells Fargo & Mn has 1.28 million shares for 0.03% of their portfolio. Commercial Bank Of America De, North Carolina-based fund reported 2.20M shares. Hsbc Plc holds 989,990 shares.

Since January 3, 2018, it had 0 insider purchases, and 8 insider sales for $9.88 million activity. $5.96 million worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares were sold by CALDERONI ROBERT. $222,250 worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares were sold by COYLE MARK M. Another trade for 4,618 shares valued at $424,348 was made by VAN ROTTERDAM JEROEN on Monday, April 2. SOISSON JESSICA sold 3,281 shares worth $352,498.

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

Among 12 analysts covering Citrix Systems (NASDAQ:CTXS), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Citrix Systems had 18 analyst reports since December 14, 2017 according to SRatingsIntel. Morgan Stanley maintained it with “Underweight” rating and $92 target in Thursday, April 26 report. The rating was maintained by RBC Capital Markets on Thursday, February 1 with “Hold”. The company was maintained on Thursday, April 26 by Wells Fargo. Bernstein maintained the shares of CTXS in report on Thursday, February 1 with “Buy” rating. Cowen & Co downgraded the stock to “Hold” rating in Thursday, January 11 report. On Thursday, April 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Morgan Stanley maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, February 1 with “Underweight” rating. On Thursday, January 4 the stock rating was maintained by Robert W. Baird with “Buy”. As per Thursday, January 18, the company rating was maintained by Robert W. Baird. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 1 report. Below is a list of Citrix Systems, Inc. (NASDAQ:CTXS) latest ratings and price target changes.

01/05/2018 Broker: Goldman Sachs Rating: Buy New Target: $122.0000 Upgrade
26/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $90 New Target: $100 Maintain
26/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $84 New Target: $92 Maintain
26/04/2018 Broker: Wells Fargo Rating: Buy New Target: $120.0000 Maintain
26/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $88 New Target: $105 Maintain
26/04/2018 Broker: Berenberg Old Rating: Buy New Rating: Hold Downgrade
18/04/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $100 New Target: $110 Maintain
01/02/2018 Broker: Evercore Rating: Hold New Target: $92.0
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $93.0 Maintain
01/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $82 New Target: $84 Maintain

The stock decreased 0.34% or $0.36 during the last trading session, reaching $105.29. About 187,701 shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 10.64% since May 18, 2017 and is uptrending. It has underperformed by 0.91% the S&P500.

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 $14.27 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 currently has negative earnings. 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 notable recent Citrix Systems, Inc. (NASDAQ:CTXS) news were published by: Seekingalpha.com which released: “Podcast: Microsoft Build, Citrix Synergy, Google I/O” on May 13, 2018, also Benzinga.com with their article: “Ulta, Valero, And 3 Other Stocks Showing Signs Of More Upside This Week” published on May 08, 2018, Benzinga.com published: “Citrix Added to Goldman Sachs’ Conviction List Ahead Of Analyst Day” on May 01, 2018. More interesting news about Citrix Systems, Inc. (NASDAQ:CTXS) were released by: Investorplace.com and their article: “6 Best-Ranked Liquid Stocks for Impressive Returns” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Bright Lights On Capitalist Woodstock, Tech Developers And Sports Betting” with publication date: May 05, 2018.

Citrix Systems, Inc. (NASDAQ:CTXS) Institutional Positions Chart

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