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Tibco Software (NASDAQ:TIBX)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $17.00 price objective on the stock, down from their previous price objective of $20.00. Deutsche Bank’s price target indicates a potential downside of 18.23% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Wedbush cut their price target on shares of Tibco Software from $25.00 to $19.00 in a research note on Wednesday. Separately, analysts at Susquehanna cut their price target on shares of Tibco Software from $27.00 to $24.00 in a research note on Wednesday. Finally, analysts at RBC Capital cut their price target on shares of Tibco Software from $28.00 to $23.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.01.

Tibco Software (NASDAQ:TIBX) traded down 5.39% during mid-day trading on Wednesday, hitting $19.67. The stock had a trading volume of 12,085,227 shares. Tibco Software has a 52-week low of $18.65 and a 52-week high of $27.15. The stock’s 50-day moving average is $19.75 and its 200-day moving average is $21.51. The company has a market cap of $3.192 billion and a price-to-earnings ratio of 40.68. Tibco Software also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 2,177 put options on the stock. This represents an increase of 680% compared to the typical daily volume of 279 put options.

Tibco Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.18 earnings per share. Tibco Software’s revenue was up 6.4% compared to the same quarter last year. Analysts expect that Tibco Software will post $1.14 EPS for the current fiscal year.

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

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