What’s Ahead for Citrix Systems, Inc. After Today’s Bearish Options Activity?

 What's Ahead for Citrix Systems, Inc. After Today's Bearish Options Activity?

In today’s session Citrix Systems, Inc. (CTXS) recorded an unusually high (2,357) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CTXS decrease. With 2,357 contracts traded and 844 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CTXS161118P00082500 closed last at: $3.3 or 3.1% up. About 405,030 shares traded hands. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 8.86% since March 14, 2016 and is uptrending. It has outperformed by 3.25% the S&P500.

Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on October, 19. They expect $0.97 earnings per share, up 11.49% or $0.10 from last year’s $0.87 per share. CTXS’s profit will be $151.50M for 21.60 P/E if the $0.97 EPS becomes a reality. After $0.99 actual earnings per share reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts -2.02% negative EPS growth.

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 40 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Mizuho maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, November 12. Mizuho has “Buy” rating and $90 price target. Morgan Stanley downgraded the shares of CTXS in a report on Tuesday, January 19 to “Underweight” rating. Goldman Sachs maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, April 21 with “Neutral” rating. The firm has “Neutral” rating by BTIG Research given on Thursday, September 10. The firm earned “Sell” rating on Monday, October 3 by UBS. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Neutral” rating given on Wednesday, July 27 by BTIG Research. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, July 27 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 22. The firm earned “Mkt Perform” rating on Thursday, January 28 by JMP Securities. The firm earned “Buy” rating on Wednesday, July 27 by Citigroup.

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.”

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.11, from 1.1 in 2016Q1. The ratio is positive, 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.
Coldstream Capital Mgmt holds 0.04% or 3,078 shares in its portfolio. First Quadrant Ltd Partnership Ca holds 429,167 shares or 0.76% of its portfolio. Pathstone Family Office Limited Liability last reported 77 shares in the company. Employees Retirement Association Of Colorado accumulated 34,427 shares or 0.02% of the stock. Old Mutual Invsts (Uk) Limited last reported 2.01% of its portfolio in the stock. Ing Groep Nv holds 0.78% or 725,958 shares in its portfolio. Millennium Management Limited Liability owns 590,114 shares or 0.11% of their US portfolio. Creative Planning has invested 0% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Cantab Capital Partners Llp accumulated 0% or 11,408 shares. Asset Mngmt last reported 700 shares in the company. Profund accumulated 0.12% or 31,609 shares. Horizon Invest Services Lc accumulated 2.12% or 52,313 shares. Gareth Morgan Invs Limited Partnership reported 48,826 shares or 0.38% of all its holdings. Moreover, Stevens Capital Limited Partnership has 0.43% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 134,274 shares. Lpl Financial Limited Company owns 20,584 shares or 0.01% of their US portfolio.

Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 14 insider sales for $5.63 million net activity. Another trade for 3,878 shares valued at $334,167 was sold by Hylen Christopher. Oestermann Klaus also sold $622,052 worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares. Shares for $73,185 were sold by HENSHALL DAVID J. 1,000 Citrix Systems, Inc. (NASDAQ:CTXS) shares with value of $81,519 were sold by DEMO MURRAY J. 6,140 shares were sold by SOISSON JESSICA, worth $546,510 on Thursday, July 28. $1.12 million worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares were sold by Sartorius Carlos. Burley William sold 1,253 shares worth $104,062.

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 $13.09 billion. The Firm operates through two divisions: Enterprise and Service Provider, and Mobility Apps. It has a 33.63 P/E ratio. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

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 Forbes.com which published an article titled: “Citrix Systems Becomes #10 Most Shorted Nasdaq 100 Component, Replacing …” on October 13, 2016.

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