Is Citrix Systems, Inc. (CTXS) a Buy? The Stock Reaches Record High Today

April 17, 2018 - By James Guidry

Citrix Systems, Inc. (NASDAQ:CTXS) Logo

Investors sentiment decreased to 0.68 in Q4 2017. Its down 0.21, from 0.89 in 2017Q3. It turned negative, 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.
Marshall Wace Limited Liability Partnership stated it has 0.04% in Citrix Systems, Inc. (NASDAQ:CTXS). Tarbox Family Office accumulated 52 shares. Prelude Capital Mgmt Lc invested in 0% or 192 shares. Citadel Advsrs Limited Liability Com reported 35,379 shares. Yhb Investment Advsr reported 22,798 shares or 0.34% of all its holdings. Sun Life Fin holds 0% or 314 shares. Natl Bank Of Nova Scotia reported 0.29% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Toronto Dominion Comml Bank holds 712,153 shares or 0.19% of its portfolio. 823,837 are held by Bain Public Equity Mngmt Llc. M&T Savings Bank has 14,064 shares for 0.01% of their portfolio. Covington Capital Management reported 100 shares or 0% of all its holdings. Arcadia Investment Mgmt Mi invested 0.32% in Citrix Systems, Inc. (NASDAQ:CTXS). Caxton Assoc Lp invested in 0.03% or 7,200 shares. Sawgrass Asset Management Ltd Liability invested in 184,613 shares. Moreover, Cobblestone Capital Advisors Limited Co has 0.06% invested in Citrix Systems, Inc. (NASDAQ:CTXS).

Since January 3, 2018, it had 0 buys, and 5 selling transactions for $8.01 million activity. CALDERONI ROBERT had sold 2,655 shares worth $243,310. COYLE MARK M sold $222,250 worth of stock or 2,500 shares. $424,348 worth of Citrix Systems, Inc. (NASDAQ:CTXS) was sold by VAN ROTTERDAM JEROEN.

The stock of Citrix Systems, Inc. (NASDAQ:CTXS) reached all time high today, Apr, 17 and still has $100.35 target or 3.00 % above today’s $97.43 share price. This indicates more upside for the $13.27B company. This technical setup was reported by Barchart.com. If the $100.35 PT is reached, the company will be worth $397.95 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.52% or $1.46 during the last trading session, reaching $97.43. About 416,907 shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 10.64% since April 17, 2017 and is uptrending. It has underperformed by 0.91% the S&P500.

Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on April, 25. They expect $0.84 EPS, down 1.18 % or $0.01 from last year’s $0.85 per share. CTXS’s profit will be $114.37M for 29.00 P/E if the $0.84 EPS becomes a reality. After $1.47 actual EPS reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

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. Jefferies maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, October 19. Jefferies has “Sell” rating and $61.0 target. Barclays Capital downgraded the stock to “Equal-Weight” rating in Monday, January 8 report. The firm earned “Buy” rating on Friday, October 27 by Citigroup. The firm has “Neutral” rating by Bank of America given on Thursday, February 1. The stock has “Buy” rating by Robert W. Baird on Thursday, January 4. Cowen & Co downgraded Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, January 11. Cowen & Co has “Hold” rating and $93.0 target. Robert W. Baird maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Friday, November 17 with “Buy” rating. Stifel Nicolaus maintained the shares of CTXS in report on Thursday, February 1 with “Hold” rating. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Buy” rating given on Friday, November 3 by Goldman Sachs. Stifel Nicolaus maintained the shares of CTXS in report on Thursday, October 26 with “Hold” rating.

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 $13.27 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.

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

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