Citrix Systems, Inc. on Focus After Bullish Options Activity

 Citrix Systems, Inc. on Focus After Bullish Options Activity

In today’s session Citrix Systems, Inc. (CTXS) registered an unusually high (559) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CTXS increase. With 559 contracts traded and 11094 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CTXS161118C00090000 closed last at: $0.55 or 175% up. About 99,769 shares traded hands. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 9.47% since April 12, 2016 and is uptrending. It has outperformed by 4.49% the S&P500.

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. $104 is the highest target while $56 is the lowest. The $89 average target is 3.77% above today’s ($85.77) stock price. Citrix Systems Inc. has been the topic of 42 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, October 22. Barclays Capital has “Outperform” rating and $82 price target. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Sell” rating given on Monday, October 3 by UBS. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Buy” rating given on Thursday, April 21 by M Partners. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Outperform” rating given on Wednesday, July 29 by Robert W. Baird. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) has “Neutral” rating given on Thursday, September 10 by BTIG Research. Bank of America maintained Citrix Systems, Inc. (NASDAQ:CTXS) rating on Thursday, April 21. Bank of America has “Buy” rating and $93 price target. On Thursday, April 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating given by Mizuho on Thursday, November 12. As per Thursday, April 21, the company rating was maintained by Goldman Sachs. The rating was maintained by Credit Suisse on Wednesday, November 18 with “Outperform”.

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 increased, 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.
Sg Americas Secs Limited Liability Com holds 0.02% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 31,261 shares. Balyasny Asset Mngmt Limited Liability Com has 0% invested in the company for 6,076 shares. Atlantic Trust Ltd Com has 0.28% invested in the company for 484,406 shares. Qci Asset Management last reported 540 shares in the company. Moreover, Bancorporation Of Ny Mellon Corp has 0.11% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 4.33 million shares. Goldman Sachs Group Inc holds 0.08% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 3.10 million shares. Retail Bank Of Nova Scotia accumulated 0% or 3,071 shares. Creative Planning, a Kansas-based fund reported 2,777 shares. First Midwest Bankshares Trust Division, a Illinois-based fund reported 21,141 shares. Pensionfund Dsm Netherlands last reported 38,000 shares in the company. Eaton Vance Mngmt has 72,080 shares for 0.02% of their US portfolio. Sg Cap Management holds 0.92% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 46,979 shares. Connor Clark And Lunn Invest Ltd holds 0.19% or 326,742 shares in its portfolio. Ci holds 0.02% or 18,650 shares in its portfolio. King Luther Cap Mgmt holds 244,385 shares or 0.19% of its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 17 insider sales for $9.71 million net activity. HENSHALL DAVID J sold $73,185 worth of stock or 861 shares. Sartorius Carlos had sold 13,290 shares worth $1.12M on Friday, August 5. 1,000 shares were sold by DEMO MURRAY J, worth $86,030. Another trade for 2,250 shares valued at $190,854 was made by Hylen Christopher on Tuesday, October 25. $546,510 worth of Citrix Systems, Inc. (NASDAQ:CTXS) was sold by SOISSON JESSICA on Thursday, July 28. Burley William sold $30,956 worth of Citrix Systems, Inc. (NASDAQ:CTXS) on Wednesday, August 3. CALDERONI ROBERT also sold $1.71 million worth of Citrix Systems, Inc. (NASDAQ:CTXS) shares.

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 $13.20 billion. The Firm operates through two divisions: Enterprise and Service Provider, and Mobility Apps. It has a 28.8 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.

More recent Citrix Systems, Inc. (NASDAQ:CTXS) news were published by: Seekingalpha.com which released: “Citrix Systems: The Art Of Portfolio Maintenance” on November 08, 2016. Also Investorplace.com published the news titled: “Citrix Systems, Inc. Maintains Its Mojo (CTXS)” on October 20, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Citrix Systems Inc, 50.0% Follow-Through Indicator …” with publication date: October 19, 2016 was also an interesting one.

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