Stock in the Red for the Week: Citrix Systems, Inc. (NASDAQ:CTXS)

Pat Wise
January 14, 2018

When we look at the Volatility of the company, Week Volatility is at 2.05% whereas Month Volatility is at 2.47%. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued. The firm has a market capitalization of $13,560.00, a price-to-earnings ratio of 27.96, a P/E/G ratio of 4.52 and a beta of 1.41. The NASDAQ listed company saw a recent bid of 90.03 and 388677 shares have traded hands in the session. In terms of relative volume, these shares are trading at 1.61x their normal volume.

Zacks Investment Research upgraded shares of Citrix Systems (NASDAQ:CTXS) from a sell rating to a hold rating in a research report report published on Tuesday, January 2nd. It has outperformed by 9.72% the S&P500. CTXS's profit will be $206.42 million for 16.39 P/E if the $1.37 EPS becomes a reality. The stock decreased 0.02% or $0.02 during the last trading session, reaching $89.79. Connor Clark And Lunn Management Limited owns 2.36 million shares. General Electric Company (NYSE:GE) has declined 4.46% since January 13, 2017 and is downtrending.

Since August 28, 2017, it had 0 insider buys, and 2 insider sales for $222,551 activity.

In related news, CEO David J. Henshall sold 12,500 shares of the business's stock in a transaction on Friday, December 1st.

Among 33 analysts covering Lowe's Companies Inc. The stock has a consensus rating of Hold and a consensus price target of $89.00. Therefore 48% are positive. The rating was maintained by RBC Capital Markets on Thursday, April 21 with "Sector Perform". Morgan Stanley maintained it with "Underweight" rating and $77 target in Wednesday, July 27 report. Therefore 34% are positive. Needham maintained the stock with "Buy" rating in Thursday, October 22 report. Cowen & Co has "Buy" rating and $9000 target. BMO Capital Markets has "Outperform" rating and $86 target. Citigroup maintained the stock with "Buy" rating in Monday, March 14 report. The company was maintained on Wednesday, July 27 by BTIG Research. The firm has "Equal-Weight" rating given on Monday, January 8 by Barclays Capital. The firm earned "Neutral" rating on Wednesday, August 31 by JP Morgan.

Investors sentiment is 0.89 in 2017 Q3. Its down 0.11, from 1.15 in 2017Q2. About 13,876 shares traded. 118 funds opened positions while 525 raised stakes. Goldman Sachs Group upgraded shares of Citrix Systems from a neutral rating to a buy rating and set a $109.00 price target for the company in a report on Friday, November 3rd. Following the completion of the sale, the insider now owns 178,706 shares of the company's stock, valued at approximately $15,299,020.66. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.03% or 41,422 shares. Seizert Capital Ptnrs Ltd Liability Corporation holds 487,266 shares or 1.37% of its portfolio. Caprock Group Inc holds 0.08% or 5,056 shares. Nordea Investment Management AB now owns 3,259,636 shares of the cloud computing company's stock worth $277,786,000 after buying an additional 1,344,047 shares during the last quarter.

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Several large investors have recently bought and sold shares of the business. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. 14,093 are owned by Hilltop Hldg.

Beaumont Financial Partners Llc, which manages about $2.17 billion and $801.28M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 2,710 shares to 150,659 shares, valued at $19.59 million in 2017Q3, according to the filing. Cornercap Invest Counsel holds 0.4% or 37,220 shares in its portfolio. Great West Life Assurance Can has invested 0.02% in Pentair plc (NYSE:PNR). Tradewinds Capital Management reported 2,474 shares. Consolidated Investment Llc reported 6,126 shares. The firm operates through two divisions, Water and Electrical. It has a 23.16 P/E ratio. The Company's Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

Glg Partners Lp decreased Freeport (NYSE:FCX) stake by 168,733 shares to 751,467 valued at $10.55M in 2017Q3. It also reduced Supernus Pharmaceuticals Inc (NASDAQ:SUPN) stake by 23,420 shares and now owns 49,690 shares. Baidu Inc (NASDAQ:BIDU) was reduced too.

Investors sentiment is 0.89 in Q3 2017. It is without change, as 40 investors sold Citrix Systems, Inc. shares while 171 reduced holdings. only 44 funds opened positions while 144 raised stakes. 130.86 million shares or 0.86% less from 132.01 million shares in 2017Q2 were reported. Vantage Inv Prtnrs Lc invested in 147,937 shares. Point72 Asia (Hong Kong) Limited holds 0.03% or 509 shares. Croft holds 1.14% or 60,521 shares. Natixis reported 69,176 shares. (NASDAQ:CTXS). Shell Asset Mgmt holds 26,978 shares or 0.03% of its portfolio. Employees Retirement Systems Of Ohio has 59,066 shares.

According to Zacks, "Shares of Citrix Systems have underperformed its industry over the past year due to multiple headwinds". (NASDAQ:CTXS) shares with value of $222,250 were sold by COYLE MARK M. Millennium Mngmt Limited Liability Company reported 0.04% in Citrix Systems, Inc. Finally, Citigroup dropped their target price on shares of Citrix Systems from $96.00 to $94.00 and set a buy rating for the company in a report on Friday, October 27th. Rmb Cap Management stated it has 0.35% in General Electric Company (NYSE:GE).

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