New York: Citrix Systems (NASDAQ:CTXS) Stock Has Just Had Its Equal-Weight Rating Reiterated by Barclays. Shares now Have a $114 Target

September 7, 2018 - By Carolyn Hewitt

Citrix Systems, Inc. (NASDAQ:CTXS) Logo

Investors sentiment increased to 0.7 in 2018 Q1. Its up 0.02, from 0.68 in 2017Q4. It increased, as 40 investors sold Citrix Systems, Inc. shares while 190 reduced holdings. 53 funds opened positions while 107 raised stakes. 120.96 million shares or 3.67% less from 125.57 million shares in 2017Q4 were reported.

2,713 are held by Glob X Mgmt Ltd Com. Colony Group Incorporated Limited Liability Co invested in 2,842 shares. Renaissance Tech Ltd holds 0.03% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 340,690 shares. Campbell Invest Adviser Ltd Liability Company has 2,790 shares for 0.22% of their portfolio. Signaturefd Lc owns 423 shares. Two Sigma Ltd Liability reported 4,492 shares. Oppenheimer Asset Mngmt stated it has 7,202 shares or 0.02% of all its holdings. Advisor Prns Lc invested 0.05% in Citrix Systems, Inc. (NASDAQ:CTXS). Tributary Mngmt Limited Liability Corporation reported 0.14% in Citrix Systems, Inc. (NASDAQ:CTXS). Kbc Nv stated it has 0.46% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Patten And Patten Inc Tn holds 8,672 shares. Gradient Invs Limited Liability Corp reported 0% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Moreover, Magnetar Financial Limited has 0.01% invested in Citrix Systems, Inc. (NASDAQ:CTXS). Northwestern Mutual Wealth Mgmt accumulated 5,460 shares or 0% of the stock. Savings Bank Of Montreal Can owns 0.07% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 841,206 shares.

Since March 12, 2018, it had 0 insider buys, and 11 sales for $5.64 million activity. Another trade for 10,000 shares valued at $1.06M was sold by HENSHALL DAVID J. VAN ROTTERDAM JEROEN had sold 4,618 shares worth $424,348. SOISSON JESSICA sold 3,281 shares worth $352,498. $1.23M worth of Citrix Systems, Inc. (NASDAQ:CTXS) was sold by Minahan Timothy A. on Friday, May 18.

Citrix Systems (NASDAQ:CTXS) Rating Reaffirmed

They currently have a $114 target on Citrix Systems (NASDAQ:CTXS). The target price by Barclays would suggest a potential upside of 2.74 % from the company’s previous stock close. This has been disclosed in a note on Friday, 7 September.

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

Among 8 analysts covering Citrix Systems (NASDAQ:CTXS), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Citrix Systems has $12200 highest and $92 lowest target. $112.57’s average target is 1.45% above currents $110.96 stock price. Citrix Systems had 11 analyst reports since April 18, 2018 according to SRatingsIntel. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Hold” rating given on Thursday, April 26 by Stifel Nicolaus. The company was maintained on Thursday, April 26 by Wells Fargo. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 26. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, April 18. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Hold” rating given on Thursday, July 26 by Stifel Nicolaus. The firm has “Neutral” rating given on Friday, July 20 by Robert W. Baird. On Thursday, April 26 the stock rating was maintained by Morgan Stanley with “Underweight”. Berenberg downgraded Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, April 26 to “Hold” rating. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) earned “Underweight” rating by Morgan Stanley on Thursday, July 26. Goldman Sachs upgraded Citrix Systems, Inc. (NASDAQ:CTXS) on Tuesday, May 1 to “Buy” rating.

The stock decreased 1.18% or $1.33 during the last trading session, reaching $110.96. About 695,019 shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 28.14% since September 8, 2017 and is uptrending. It has outperformed by 15.57% the S&P500.

Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on October, 24. They expect $0.96 EPS, down 4.00 % or $0.04 from last year’s $1 per share. CTXS’s profit will be $130.24M for 28.90 P/E if the $0.96 EPS becomes a reality. After $0.96 actual EPS reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00 % 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 $15.05 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 178.39 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.

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

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