Citrix Systems (NASDAQ:CTXS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank upgraded Citrix Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $120.00 in a research note on Thursday, June 6th. Wedbush reiterated a “hold” rating and issued a $100.00 target price on shares of Citrix Systems in a research report on Thursday, April 25th. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, ValuEngine cut Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $114.82.
NASDAQ:CTXS opened at $96.54 on Tuesday. Citrix Systems has a 52 week low of $93.12 and a 52 week high of $116.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $12.62 billion, a P/E ratio of 21.08, a PEG ratio of 2.70 and a beta of 1.00.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.41. Citrix Systems had a return on equity of 94.77% and a net margin of 18.08%. The company had revenue of $719.14 million during the quarter, compared to analysts’ expectations of $707.78 million. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Citrix Systems will post 4.37 EPS for the current year.
In related news, EVP Mark J. Ferrer sold 1,224 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $95.00, for a total value of $116,280.00. Following the completion of the sale, the executive vice president now owns 70,348 shares in the company, valued at $6,683,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Henshall sold 4,367 shares of Citrix Systems stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $93.99, for a total transaction of $410,454.33. Following the transaction, the chief executive officer now owns 373,960 shares of the company’s stock, valued at approximately $35,148,500.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,842 shares of company stock worth $1,957,137. 0.54% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategy Asset Managers LLC purchased a new stake in Citrix Systems in the first quarter valued at approximately $25,000. Pearl River Capital LLC purchased a new stake in Citrix Systems during the 4th quarter worth $26,000. Smart Portfolios LLC acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $29,000. Glassman Wealth Services raised its position in shares of Citrix Systems by 46.5% during the 1st quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock worth $33,000 after buying an additional 106 shares in the last quarter. Finally, Braun Bostich & Associates Inc. raised its holdings in shares of Citrix Systems by 1,845.0% during the first quarter. Braun Bostich & Associates Inc. now owns 389 shares of the cloud computing company’s stock valued at $39,000 after acquiring an additional 369 shares during the period. Institutional investors own 97.69% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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