BofA/Merrill Lynch Upgrades Citrix Systems (CTXS) to Buy

Needham & Company Upgrades Citrix Systems (CTXS) to Buy

Needham & 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

Piper 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

Citrix 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

Nomura 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

Mizuho 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

Elliott 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