What's Citrix Systems Incorporated (NASDAQ:CTXS) Upside After This Short Interest Decrease?

Over the last quarter, insiders have sold 96,030 shares of company stock valued at $8,225,867. It closed at $2.67 lastly.

Citrix Systems, Inc. provides an integrated platform for secure app and data delivery, and network functionality as a cloud service worldwide. It has underperformed by 8.78% the S&P500. Fiera Cap reported 6,540 shares stake. The institutional investor owned 32,277 shares of the cloud computing company's stock after selling 1,165 shares during the quarter. (NASDAQ:CTXS) by 915.3% during the first quarter, Holdings Channel reports. The firm has a market cap of $12.20 billion, a P/E ratio of 26.57 and a beta of 1.55. The stock increased 0.48% or $0.42 during the last trading session, reaching $87.59.

In other news, CMO Timothy A. Minahan sold 1,753 shares of the business's stock in a transaction dated Monday, April 3rd.

Among 23 analysts covering Citrix Systems Inc. It has outperformed by 9.72% the S&P500. Goldman Sachs Group raised shares of Citrix Systems from a "neutral" rating to a "buy" rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Raymond James Na holds 0.02% or 3,604 shares in its portfolio. Therefore 57% are positive.

Analysts await Citrix Systems, Inc. Credit Suisse maintained the shares of CTXS in report on Wednesday, November 18 with "Outperform" rating. Citrix Sys Inc Com now has $13.20B valuation. On Thursday, April 21 the stock rating was maintained by Cowen & Co with "Outperform". The company was initiated on Thursday, September 10 by BTIG Research. The company was maintained on Friday, August 11 by Jefferies. The firm has "Market Perform" rating given on Thursday, August 20 by William Blair. The company was maintained on Thursday, October 20 by Cowen & Co. (NASDAQ:CTXS) on Monday, October 2 to "Buy" rating. M & T Bk Corp (NYSE:MTB) was raised too. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of Citrix Systems by 35.7% in the third quarter. Its up 0.01, from 0.88 in 2017Q1.

Corp lifted its position in shares of Citrix Systems, Inc.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 132.01 million shares or 0.62% less from 132.83 million shares in 2017Q1 were reported. 19,232 were reported by Neuberger Berman Limited Liability Com. Thompson Davis holds 0.07% or 551 shares. Sg Americas Secs Ltd Liability invested in 0.01% or 11,639 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% or 2,938 shares. Corp owned 0.12% of Citrix Systems worth $13,830,000 at the end of the most recent quarter. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 26.42% since December 10, 2016 and is uptrending. 956,204 were accumulated by Hsbc Public Limited Co. Stifel Nicolaus reduced their target price on shares of Citrix Systems from $77.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, October 26th. (NASDAQ:CTXS) for 301,961 shares. Arrowstreet Cap Partnership holds 0.27% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 213,454 shares. Bank & Trust Of Nova Scotia holds 734,618 shares. Jnba Advisors has invested 0% in Citrix Systems, Inc.

Rampart Inv Mgmt Ltd Liability Com invested in 2,041 shares.

Citrix Systems announced that its Board of Directors has authorized a share buyback program on Monday, November 13th that allows the company to repurchase $1.70 billion in shares. "(CTXS) Stake Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. The firm's revenue was up 3.3% compared to the same quarter past year. CTXS's profit will be $207.94M for 15.87 P/E if the $1.38 EPS becomes a reality.

Cornercap Investment Counsel Inc increased Continental Bldg Prods Inc Com (NYSE:CBPX) stake by 17,075 shares to 61,620 valued at $1.44M in 2017Q2. (NASDAQ:CTXS), 13 have Buy rating, 3 Sell and 7 Hold. Zacks Investment Research downgraded shares of Citrix Systems from a "hold" rating to a "sell" rating in a report on Wednesday, October 4th. Mizuho maintained it with "Buy" rating and $90 target in Thursday, November 12 report. Craig Hallum maintained the shares of GM in report on Wednesday, October 25 with "Hold" rating. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, July 22.

Investors sentiment decreased to 1.02 in Q2 2017.

Want to see what other hedge funds are holding CTXS? Thrivent For Lutherans reported 5,752 shares. Hudson Valley Inv Advsr Adv invested in 0.31% or 14,005 shares. Wellington Shields Management Lc accumulated 46,720 shares or 0.27% of the stock. Baldwin Brothers Ma holds 0% or 500 shares in its portfolio. Gp One Trading LP has 0.01% invested in General Motors Company (NYSE:GM) for 21,475 shares. Following the completion of the transaction, the chief marketing officer now owns 64,271 shares of the company's stock, valued at approximately $5,369,199.34.

Emerald Advisers Pa, a Pennsylvania-based fund reported 5,920 shares. Davenport Com Llc holds 0% or 1.02 million shares. Huntington Bank & Trust stated it has 486 shares or 0% of all its holdings.

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