UBS (NYSE:UBS) Sees Limited Upside for Citrix Systems (NASDAQ:CTXS)

Noting the seasonally weak period for software and a decline in bookings, UBS (NYSE:UBS) sees limited upside going for Citrix Systems (NASDAQ:CTXS).

UBS says, "With the shares embedding a strong FQ4 outlook we expect FQ4 earnings to provide little catalyst, and with the stock entering historical seasonal weakness in software and likely a sequential decline in FQ1 XD bookings we see limited upside. PT to $69 rolling forward 20 multiple to FY12e FCF."

UBS reiterates a "Neutral" rating on Citrix Systems, which closed Tuesday at $67.07, down $0.89, or 1.31 percent. UBS did bump their price target up from $64 to $69.