Short Interest Buzzer: What Will Happen to Citrix Systems Incorporated (NASDAQ:CTXS) Next? The Stock Has Decline in Shorts

November 30, 2016 - By Richard Conner   ·   0 Comments

Short Interest Buzzer: What Will Happen to Citrix Systems Incorporated (NASDAQ:CTXS) Next? The Stock Has Decline in Shorts

The stock of Citrix Systems Incorporated (NASDAQ:CTXS) registered a decrease of 12.21% in short interest. CTXS’s total short interest was 7.55 million shares in November as published by FINRA. Its down 12.21% from 8.60M shares, reported previously. With 1.96M shares average volume, it will take short sellers 4 days to cover their CTXS’s short positions. About 307,700 shares traded hands. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 4.82% since April 27, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

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 $13.66 billion. The Firm operates through two divisions: Enterprise and Service Provider, and Mobility Apps. It has a 29.24 P/E ratio. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.44, from 1.21 in 2016Q1. The ratio worsened, as 25 funds sold all Citrix Systems, Inc. shares owned while 174 reduced positions. 59 funds bought stakes while 181 increased positions. They now own 140.71 million shares or 1.64% less from 143.05 million shares in 2016Q1.
Advisory Serv Net Lc accumulated 0.01% or 368 shares. Moreover, Redwood Investments Ltd Liability Corporation has 1.8% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 245,025 shares. North Star Investment Mgmt Corp accumulated 0.01% or 720 shares. Moreover, Janney Montgomery Scott Ltd Liability Corp has 0.03% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 19,987 shares. Mizuho Tru & Ltd has 0.06% invested in the company for 239,652 shares. Brandywine Global Mgmt Limited Company accumulated 0% or 85 shares. Toronto Dominion Natl Bank accumulated 151,946 shares or 0.05% of the stock. Pictet And Cie (Europe) has invested 0.17% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Cibc Ww Markets holds 0% or 9,258 shares in its portfolio. Princeton Alpha Limited Partnership last reported 0.04% of its portfolio in the stock. Bp Public Limited Com holds 0.28% or 87,000 shares in its portfolio. Banque Pictet And Cie Sa holds 51,498 shares or 0.11% of its portfolio. Franklin Res Incorporated last reported 63,130 shares in the company. Teachers Advsr holds 0.07% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 481,962 shares. Massmutual Tru Commerce Fsb Adv accumulated 8 shares or 0% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 16 insider sales for $8.81 million net activity. $546,510 worth of shares were sold by SOISSON JESSICA on Thursday, July 28. Oestermann Klaus also sold $266,070 worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares. $1.29M worth of Citrix Systems, Inc. (NASDAQ:CTXS) was sold by HENSHALL DAVID J. On Wednesday, August 3 Burley William sold $30,956 worth of the stock or 365 shares. 1,000 shares were sold by DEMO MURRAY J, worth $88,220. $190,854 worth of shares were sold by Hylen Christopher on Tuesday, October 25. 13,290 shares were sold by Sartorius Carlos, worth $1.12 million on Friday, August 5.

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

Out of 19 analysts covering Citrix Systems Inc. (NASDAQ:CTXS), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. Citrix Systems Inc. has been the topic of 42 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, July 27 by BTIG Research. The rating was maintained by Needham with “Buy” on Thursday, October 22. The stock has “Neutral” rating given by Mizuho on Wednesday, November 18. William Blair maintained the shares of CTXS in a report on Thursday, August 20 with “Market Perform” rating. The firm has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. M Partners maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, April 21. M Partners has “Buy” rating and $98 price target. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, July 27 report. The firm has “Perform” rating by Oppenheimer given on Wednesday, November 18. The stock has “Neutral” rating given by UBS on Thursday, April 21. The stock has “Underweight” rating given by Morgan Stanley on Tuesday, January 19.

CTXS Company Profile

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 Richard Conner

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