November 28, 2016 - By Hazel Jackson · 0 Comments
Citrix Systems Inc (NASDAQ:CTXS) institutional sentiment decreased to 0.77 in Q2 2016. Its down -0.44, from 1.21 in 2016Q1. The ratio worsened, as 240 investment managers increased and started new stock positions, while 199 sold and reduced positions in Citrix Systems Inc. The investment managers in our partner’s database now own: 140.71 million shares, down from 143.05 million shares in 2016Q1. Also, the number of investment managers holding Citrix Systems Inc in their top 10 stock positions was flat from 6 to 6 for the same number . Sold All: 25 Reduced: 174 Increased: 181 New Position: 59.
Citrix Systems, Inc. develops and sells services and products that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The company has a market cap of $13.79 billion. The Firm operates through two divisions: Enterprise and Service Provider, and Mobility Apps. It has a 29.48 P/E ratio. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
About 25,281 shares traded hands. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 6.67% since April 25, 2016 and is uptrending. It has outperformed by 0.65% the S&P500.
Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on January, 25. They expect $1.26 earnings per share, down 13.70% or $0.20 from last year’s $1.46 per share. CTXS’s profit will be $197.92 million for 17.42 P/E if the $1.26 EPS becomes a reality. After $1.11 actual earnings per share reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts 13.51% EPS growth.
According to Zacks Investment Research, “Citrix Systems, Inc. is one of the leading suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. The company’s products permit organizations to deploy and manage applications without regard to location, network connection, or type of client hardware platform.”
Brookside Capital Management Llc holds 5.62% of its portfolio in Citrix Systems, Inc. for 1.67 million shares. Northcoast Asset Management Llc owns 541,446 shares or 2.96% of their US portfolio. Moreover, 13D Management Llc has 2.93% invested in the company for 89,125 shares. The Colorado-based Gavekal Capital Llc has invested 2.62% in the stock. Usa Financial Portformulas Corp, a Michigan-based fund reported 109,313 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 16 selling transactions for $8.81 million net activity.
Ratings analysis reveals 53% of Citrix Systems Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Citrix Systems Inc., 10 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $56 while the high is $104. The stock’s average target of $89 is 1.38% above today’s ($87.79) share price. CTXS was included in 42 notes of analysts from July 29, 2015. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Sector Perform” rating given on Monday, January 25 by RBC Capital Markets. The stock has “Neutral” rating given by BTIG Research on Wednesday, July 27. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 21. The company was maintained on Thursday, October 22 by Needham. Cowen & Co maintained the stock with “Outperform” rating in Thursday, October 20 report. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, April 21. M Partners maintained the stock with “Buy” rating in Thursday, April 21 report. The rating was initiated by BTIG Research with “Neutral” on Thursday, September 10. Mizuho maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, July 21 with “Neutral” rating. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, January 19.
Citrix Systems, Inc., incorporated on April 17, 1989, develops and sells services and products that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Firm operates through two divisions: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products. The Company’s Mobility Apps segment consists of Communications Cloud and Workflow Cloud products. The Company’s solutions offer mobile workspaces that provide people with access to applications, desktops, data and communications, over any network or cloud. It markets and licenses its products directly to customers, over the Web, and through systems integrators (SIs), in addition to indirectly through value-added resellers (VARs), value-added distributors (VADs), original equipment manufacturers (OEMs) and service providers. The Company’s services and products are offered to customers, including individuals, professional clients and global enterprises.
Another recent and important Citrix Systems, Inc. (NASDAQ:CTXS) news was published by Investorplace.com which published an article titled: “Citrix Systems, Inc. Maintains Its Mojo (CTXS)” on October 20, 2016.
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By Hazel Jackson