Could Citrix Systems, Inc. (CTXS) Go Down After Reaching 52-Week High?

January 20, 2018 - By Vivian Park

Investors sentiment is 0.89 in 2017 Q3. Its the same as in 2017Q2. 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.
Blackrock Inc holds 9.61M shares. Retail Bank Of Montreal Can holds 0.29% in Citrix Systems, Inc. (NASDAQ:CTXS) or 4.19 million shares. California Pub Employees Retirement Systems, a California-based fund reported 399,273 shares. State Of Tennessee Treasury Department invested in 53,723 shares. Envestnet Asset Management stated it has 0.01% in Citrix Systems, Inc. (NASDAQ:CTXS). Dimensional Fund Advsr Limited Partnership holds 0.02% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 555,862 shares. Missouri-based Benjamin F Edwards And has invested 0% in Citrix Systems, Inc. (NASDAQ:CTXS). Reliance Tru Company Of Delaware has 0.12% invested in Citrix Systems, Inc. (NASDAQ:CTXS). The Netherlands-based Apg Asset Mgmt Nv has invested 0.07% in Citrix Systems, Inc. (NASDAQ:CTXS). Kentucky Retirement System has 0.05% invested in Citrix Systems, Inc. (NASDAQ:CTXS). Koch Industries holds 9,722 shares or 0.18% of its portfolio. Everence Management Incorporated reported 3,452 shares or 0.06% of all its holdings. Btim Corp invested 0.04% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Gargoyle Advisor Ltd Liability Corporation holds 26,329 shares or 0.74% of its portfolio. Aqr Ltd Co has invested 0.11% in Citrix Systems, Inc. (NASDAQ:CTXS).

Since August 28, 2017, it had 0 buys, and 2 sales for $222,551 activity. Another trade for 4 shares valued at $301 was made by Minahan Timothy A. on Monday, August 28.

The stock of Citrix Systems, Inc. (NASDAQ:CTXS) hit a new 52-week high and has $98.28 target or 6.00 % above today’s $92.72 share price. The 8 months bullish chart indicates low risk for the $13.97B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $98.28 price target is reached, the company will be worth $838.26M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.47% or $1.34 during the last trading session, reaching $92.72. About 1.21 million shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 26.42% since January 20, 2017 and is uptrending. It has outperformed by 9.72% the S&P500.

Analysts await Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings on January, 24. They expect $1.37 EPS, down 4.20 % or $0.06 from last year’s $1.43 per share. CTXS’s profit will be $206.43M for 16.92 P/E if the $1.37 EPS becomes a reality. After $1.00 actual EPS reported by Citrix Systems, Inc. for the previous quarter, Wall Street now forecasts 37.00 % EPS growth.

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

Among 23 analysts covering Citrix Systems Inc. (NASDAQ:CTXS), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 48% are positive. Citrix Systems Inc. had 78 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Wednesday, March 15 to “Neutral”. The firm has “Neutral” rating given on Thursday, July 21 by Mizuho. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 21 report. The company was maintained on Friday, August 11 by Jefferies. As per Thursday, April 21, the company rating was maintained by Bank of America. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) earned “Sell” rating by Jefferies on Thursday, October 26. William Blair maintained the stock with “Market Perform” rating in Thursday, August 20 report. The firm has “Equal-Weight” rating given on Monday, January 8 by Barclays Capital. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, October 26 report. On Thursday, October 22 the stock rating was maintained by FBR Capital with “Outperform”.

More important recent Citrix Systems, Inc. (NASDAQ:CTXS) news were published by: Zacks.com which released: “Citrix Systems (CTXS) Grapples With Cost Woes: Time to Dump?” on December 27, 2017, also Barrons.com published article titled: “Selling Nvidia and Cavium, Buying Citrix Systems”, Barrons.com published: “Morning Movers: Delta, Netflix Climb; Citrix Systems Slips” on January 11, 2018. More interesting news about Citrix Systems, Inc. (NASDAQ:CTXS) was released by: Businesswire.com and their article: “Citrix Systems to Announce Fourth Quarter and Fiscal Year 2017 Financial …” with publication date: January 10, 2018.

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 $13.97 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 31.41 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.

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