BofA/Merrill Lynch Upgrades Citrix Systems (CTXS) to Buy
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Needham & Company Upgrades Citrix Systems (CTXS) to Buy
June 12, 2015 7:36 AM EDTNeedham & Company upgraded Citrix Systems (NASDAQ: CTXS) from Hold to Buy with a price target of $82.00.
Analyst Scott Zeller commented, "We are upgrading Citrix Systems based on the prospect of change due to Thursdays announcement of Elliott Associates as a 7.1% holder,... More
Piper Jaffray Upgrades Citrix Systems (CTXS) to Neutral
June 12, 2015 6:53 AM EDTPiper Jaffray upgraded Citrix Systems (NASDAQ: CTXS) from Underweight to Neutral with a price target of $75.00 (from $60.00) amid shareholder activism.
Analyst Katherine Egbert commented, "Given Elliotts track record of success in unlocking shareholder value, we believe there is a high... More
Citrix Systems (CTXS) Responds to Letter from Elliott Management
June 11, 2015 3:56 PM EDTCitrix Systems, Inc. (NASDAQ: CTXS) today issued the following statement in response to a letter to the Citrix Board of Directors from Elliott Management Corp.
Citrix has always maintained an ongoing dialogue with our shareholders, and we welcome their input. We will... More
Citrix Systems (CTXS) PT Raised to $78 at Nomura Amid Activist Stake
June 11, 2015 1:09 PM EDTNomura Securities analyst Rick Sherlund bumped his price target on Citrix Systems (NASDAQ: CTXS) to $78.00 (from $70.00) after activist Investor Elliott Management has announced a 7.1% ownership interest in Citrix and has asked for a board seat as well as outlined a plan to enhance shareholder value.
Sherlund commented, "Citrix has struggled to enhance value... More
Citrix Systems (CTXS) PT Raised to $80 at Mizuho Securities on Activist Stake
June 11, 2015 9:50 AM EDTMizuho Securities analyst Abhey Lamba reiterated an Outperform rating and boosted its price target on Citrix Systems (NASDAQ: CTXS) to $80.00 (from $72.00) after Elliott announced a 7% stake in the company this morning and requested a meeting with the board.
Lamba commented, "As we have... More
Elliott Sends Letter to Citrix Systems (CTXS) Board; Sees Stock Price of $90 - $100 by End of FY16
June 11, 2015 8:40 AM EDTElliott Management Corporation (Elliott) holder of 7.1% of Citrix Systems (NASDAQ: CTXS) stock, sent the following letter to the Board of Directors of Citrix:
June 11, 2015
The Board of Directors
Citrix Systems, Inc.
851 West Cypress Creek Road
Fort Lauderdale, FL 33309
Attn: Thomas Bogan, Chairman
Attn: Mark Templeton, CEO
Dear Thomas, Mark and Members of the Board:
I am writing to you on behalf of Elliott Associates, L.P. and Elliott International, L.P. (together, Elliott or we), which together own 7.1% of the common stock and... More
