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Tibco Software (NASDAQ:TIBX) was downgraded by Mizuho from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, reports. They currently have a $18.00 price target on the stock, down from their previous price target of $25.00. Mizuho’s target price would indicate a potential downside of 13.42% from the stock’s previous close.

Shares of Tibco Software (NASDAQ:TIBX) traded down 6.45% on Wednesday, hitting $19.45. The stock had a trading volume of 16,182,491 shares. Tibco Software has a one year low of $18.65 and a one year high of $27.15. The stock has a 50-day moving average of $19.75 and a 200-day moving average of $21.51. The company has a market cap of $3.157 billion and a price-to-earnings ratio of 40.68. Tibco Software also was the recipient of unusually large options trading on Monday. Stock traders purchased 2,177 put options on the company. This is an increase of approximately 680% compared to the typical daily volume of 279 put options.

Tibco Software (NASDAQ:TIBX) last released its earnings data on Thursday, March 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Tibco Software will post $1.14 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on TIBX. Analysts at Goldman Sachs cut their price target on shares of Tibco Software from $25.00 to $22.00 in a research note on Thursday, May 22nd. Separately, analysts at Zacks upgraded shares of Tibco Software from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $23.20 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of Tibco Software from $29.00 to $27.00 in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.01.

TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.

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