Citrix Systems, Inc. (CTXS) Reaches $101.29 52-Week High; Guardian Capital LP Has Lowered Its Enerplus (ERF) Position

April 26, 2018 - By Richard Conner

Citrix Systems, Inc. (NASDAQ:CTXS) Logo

The stock of Citrix Systems, Inc. (NASDAQ:CTXS) hit a new 52-week high and has $108.38 target or 7.00% above today’s $101.29 share price. The 6 months bullish chart indicates low risk for the $13.79 billion company. The 1-year high was reported on Apr, 26 by Barchart.com. If the $108.38 price target is reached, the company will be worth $965.37 million more. The stock increased 4.88% or $4.71 during the last trading session, reaching $101.29. About 1.40M shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 10.64% since April 26, 2017 and is uptrending. It has underperformed by 0.91% the S&P500.

Guardian Capital Lp decreased Enerplus Corp (ERF) stake by 2.41% reported in 2017Q4 SEC filing. Guardian Capital Lp sold 120,653 shares as Enerplus Corp (ERF)’s stock rose 18.50%. The Guardian Capital Lp holds 4.89M shares with $48.10M value, down from 5.01 million last quarter. Enerplus Corp now has $2.97B valuation. The stock increased 0.84% or $0.1 during the last trading session, reaching $12.06. About 162,353 shares traded. Enerplus Corporation (NYSE:ERF) has risen 46.73% since April 26, 2017 and is uptrending. It has outperformed by 35.18% the S&P500.

Since January 3, 2018, it had 0 buys, and 5 insider sales for $8.01 million activity. Shares for $424,348 were sold by VAN ROTTERDAM JEROEN on Monday, April 2. Shares for $243,310 were sold by CALDERONI ROBERT on Tuesday, April 3. The insider COYLE MARK M sold $222,250. HENSHALL DAVID J also sold $1.16M worth of Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, February 1.

Investors sentiment decreased to 0.68 in 2017 Q4. Its down 0.21, from 0.89 in 2017Q3. It worsened, as 41 investors sold Citrix Systems, Inc. shares while 201 reduced holdings. 52 funds opened positions while 112 raised stakes. 125.57 million shares or 4.04% less from 130.86 million shares in 2017Q3 were reported. Veritable Ltd Partnership stated it has 4,475 shares or 0.01% of all its holdings. Steinberg Glob Asset Mgmt reported 4,900 shares. Daiwa Securities Grp stated it has 0% in Citrix Systems, Inc. (NASDAQ:CTXS). Logan Management Inc holds 25,928 shares or 0.16% of its portfolio. State Board Of Administration Of Florida Retirement Systems holds 218,507 shares or 0.05% of its portfolio. Deutsche Bancorp Ag holds 320,773 shares or 0.02% of its portfolio. Comerica Commercial Bank has 35,266 shares for 0.02% of their portfolio. Mutual Of America Management Ltd reported 19,542 shares or 0.03% of all its holdings. 5,600 are owned by Fiera Capital. Quantitative has 0.25% invested in Citrix Systems, Inc. (NASDAQ:CTXS). Quantbot Technology L P has 3,986 shares. Mason Street Advsr Ltd Liability has invested 0.04% in Citrix Systems, Inc. (NASDAQ:CTXS). Bnp Paribas Asset Mgmt Holding stated it has 0.02% in Citrix Systems, Inc. (NASDAQ:CTXS). Point72 Asset Mgmt Limited Partnership owns 629,243 shares for 0.24% of their portfolio. Bank Of America Corporation De reported 2.20 million shares.

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 $13.79 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 currently has negative earnings. 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.

Among 25 analysts covering Citrix Systems Inc. (NASDAQ:CTXS), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. Citrix Systems Inc. has $12000 highest and $56 lowest target. $91.19’s average target is -9.97% below currents $101.29 stock price. Citrix Systems Inc. had 88 analyst reports since July 29, 2015 according to SRatingsIntel. Wells Fargo maintained the shares of CTXS in report on Thursday, April 26 with “Buy” rating. The rating was maintained by Jefferies on Friday, August 11 with “Sell”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, April 26 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, January 8. The stock of Citrix Systems, Inc. (NASDAQ:CTXS) earned “Sell” rating by Jefferies on Thursday, October 19. The rating was downgraded by Mizuho on Wednesday, November 18 to “Neutral”. The rating was maintained by Cowen & Co with “Outperform” on Thursday, October 20. Citigroup maintained it with “Buy” rating and $104 target in Wednesday, July 27 report. The rating was maintained by Barclays Capital on Thursday, August 3 with “Overweight”. Jefferies maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Friday, July 7 with “Sell” rating.

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enerplus Corp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, November 9 with “Outperform”. The company was downgraded on Friday, January 8 by Macquarie Research. Canaccord Genuity initiated the stock with “Buy” rating in Wednesday, August 17 report. The company was upgraded on Friday, February 10 by BMO Capital Markets. On Monday, June 6 the stock rating was reinitiated by Raymond James with “Outperform”. Raymond James initiated the stock with “Outperform” rating in Friday, December 18 report. As per Monday, June 6, the company rating was upgraded by Macquarie Research. The stock has “Market Perform” rating by FirstEnergy Capital on Monday, August 10. On Monday, November 9 the stock rating was upgraded by UBS to “Buy”.

Analysts await Enerplus Corporation (NYSE:ERF) to report earnings on May, 4. They expect $0.20 EPS, down 13.04% or $0.03 from last year’s $0.23 per share. ERF’s profit will be $49.27M for 15.08 P/E if the $0.20 EPS becomes a reality. After $0.27 actual EPS reported by Enerplus Corporation for the previous quarter, Wall Street now forecasts -25.93% negative EPS growth.

Citrix Systems, Inc. (NASDAQ:CTXS) Institutional Positions Chart

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