Citrix Systems, Inc. (NASDAQ:CTXS) EVP Rotterdam Jeroen Van sold 7,956 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $108.12, for a total transaction of $860,202.72. Following the sale, the executive vice president now directly owns 48,287 shares of the company’s stock, valued at approximately $5,220,790.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rotterdam Jeroen Van also recently made the following trade(s):
- On Friday, August 9th, Rotterdam Jeroen Van sold 4,288 shares of Citrix Systems stock. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28.
CTXS traded up $1.23 during trading hours on Monday, hitting $106.87. 1,590,300 shares of the company’s stock were exchanged, compared to its average volume of 2,003,486. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $112.27. The stock’s 50-day moving average is $97.60 and its two-hundred day moving average is $97.05. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 3.91 and a beta of 1.02. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.35.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Thursday, October 24th. The cloud computing company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.27. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The business had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Citrix Systems, Inc. will post 3.8 EPS for the current year.
Several brokerages have recently issued reports on CTXS. Barclays increased their price objective on shares of Citrix Systems from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 18th. Wedbush reissued a “hold” rating and set a $92.00 price objective on shares of Citrix Systems in a research report on Friday. Jefferies Financial Group lowered their price objective on shares of Citrix Systems from $85.00 to $80.00 and set an “underperform” rating for the company in a research report on Tuesday, October 8th. Finally, Morgan Stanley lowered their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $100.83.
A number of hedge funds have recently made changes to their positions in CTXS. Covington Capital Management lifted its stake in shares of Citrix Systems by 175.0% during the 2nd quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Guinness Asset Management Ltd lifted its stake in shares of Citrix Systems by 83.8% during the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after buying an additional 134 shares during the last quarter. CWM LLC lifted its stake in shares of Citrix Systems by 65.1% during the 3rd quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock worth $30,000 after buying an additional 123 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of Citrix Systems by 107.6% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 384 shares of the cloud computing company’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Citrix Systems during the 2nd quarter worth about $38,000.
About Citrix Systems
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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