Is there a Bearish outlook for Citrix Systems, Inc. (NASDAQ:CTXS) this week?

April 16, 2018 - By Peter Erickson

Citrix Systems, Inc. (NASDAQ:CTXS) LogoInvestors sentiment decreased to 0.68 in 2017 Q4. 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.
Suntrust Banks reported 4,024 shares stake. Utd Financial Advisers Llc has invested 0% in Citrix Systems, Inc. (NASDAQ:CTXS). Logan Mgmt Incorporated reported 25,928 shares or 0.16% of all its holdings. Pnc Finance Grp Incorporated holds 20,082 shares or 0% of its portfolio. 789,946 were reported by Tiaa Cref Investment Mngmt Limited Liability Company. London Of Virginia has 0.26% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 406,697 shares. Of Vermont invested in 535 shares or 0% of the stock. Nokota Management Limited Partnership invested in 113,231 shares. Raymond James Assocs accumulated 379,306 shares or 0.06% of the stock. Pictet Asset Limited holds 84,636 shares. Burney holds 0.01% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 2,719 shares. Baldwin Brothers Ma owns 10,081 shares for 0.14% of their portfolio. Ameritas Investment Partners holds 5,902 shares. Bessemer Gru has invested 0% in Citrix Systems, Inc. (NASDAQ:CTXS). State Treasurer State Of Michigan reported 41,974 shares.

Since January 3, 2018, it had 0 insider purchases, and 5 sales for $8.01 million activity. 62,237 shares valued at $5.96 million were sold by CALDERONI ROBERT on Monday, March 12. $1.16 million worth of Citrix Systems, Inc. (NASDAQ:CTXS) was sold by HENSHALL DAVID J. On Monday, April 2 VAN ROTTERDAM JEROEN sold $424,348 worth of Citrix Systems, Inc. (NASDAQ:CTXS) or 4,618 shares.

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

Among 12 analysts covering Citrix Systems (NASDAQ:CTXS), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Citrix Systems had 17 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 3 by Goldman Sachs. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Buy” rating given on Thursday, January 4 by Robert W. Baird. As per Thursday, February 1, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Thursday, February 1 by Bernstein. Jefferies maintained the shares of CTXS in report on Thursday, October 26 with “Sell” rating. On Monday, January 8 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 26. Robert W. Baird maintained it with “Buy” rating and $90.0 target in Friday, November 17 report. On Thursday, October 19 the stock rating was maintained by Jefferies with “Sell”. The firm earned “Buy” rating on Thursday, January 18 by Robert W. Baird. Below is a list of Citrix Systems, Inc. (NASDAQ:CTXS) latest ratings and price target changes.

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
01/02/2018 Broker: Bernstein Rating: Buy New Target: $106.0 Maintain
01/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $91 New Target: $97 Maintain
01/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $88.0 Maintain
18/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $100.0 Maintain
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $93.0 Downgrade
08/01/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $90 Downgrade
04/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $95.0 Maintain

The stock increased 1.20% or $1.14 during the last trading session, reaching $96.04. About 228,160 shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 10.64% since April 16, 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 $13.08 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.

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

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