Citrix Systems, Inc. (NASDAQ:CTXS) EVP Mark J. Ferrer sold 1,245 shares of Citrix Systems stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.48, for a total value of $140,037.60. Following the sale, the executive vice president now directly owns 60,888 shares of the company’s stock, valued at approximately $6,848,682.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of CTXS stock traded down $0.35 on Wednesday, hitting $110.87. The company had a trading volume of 979,365 shares, compared to its average volume of 1,979,349. The firm has a market cap of $14.69 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 4.46 and a beta of 1.06. The company has a 50-day moving average price of $109.01 and a 200-day moving average price of $99.21. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $114.73.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.27. The business had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. Equities research analysts expect that Citrix Systems, Inc. will post 3.85 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 5th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Citrix Systems by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,505,680 shares of the cloud computing company’s stock valued at $1,423,588,000 after buying an additional 636,123 shares during the period. BlackRock Inc. increased its stake in shares of Citrix Systems by 7.9% in the 2nd quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock valued at $1,016,398,000 after purchasing an additional 754,570 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Citrix Systems by 29.7% in the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after purchasing an additional 912,477 shares in the last quarter. Man Group plc increased its stake in shares of Citrix Systems by 18.7% in the 2nd quarter. Man Group plc now owns 2,583,145 shares of the cloud computing company’s stock valued at $253,509,000 after purchasing an additional 406,449 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Citrix Systems by 1.4% in the 2nd quarter. Northern Trust Corp now owns 2,335,180 shares of the cloud computing company’s stock valued at $229,176,000 after purchasing an additional 32,116 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub cut Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 28th. Wedbush reaffirmed a “hold” rating and set a $92.00 price target on shares of Citrix Systems in a research report on Friday, October 25th. Barclays set a $107.00 price target on Citrix Systems and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $105.33.
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.
Featured Story: What are Institutional Investors?
Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.