Several other equities research analysts also recently commented on the company. Wedbush reissued a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a report on Friday, October 25th. Barclays set a $107.00 price objective on Citrix Systems and gave the company a “hold” rating in a report on Friday, November 1st. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and increased their price objective for the company from $80.00 to $105.00 in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $105.33.
Shares of CTXS opened at $110.30 on Friday. The stock has a market capitalization of $14.37 billion, a P/E ratio of 24.08, a P/E/G ratio of 4.37 and a beta of 1.06. Citrix Systems has a twelve month low of $90.28 and a twelve month high of $114.73. The company has a 50 day moving average of $110.66 and a 200-day moving average of $99.87. 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 (NASDAQ:CTXS) last issued its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. On average, sell-side analysts anticipate that Citrix Systems will post 3.85 earnings per share for the current fiscal year.
In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 7,956 shares of the firm’s 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 completion of the sale, the executive vice president now owns 48,287 shares of the company’s stock, valued at approximately $5,220,790.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $96.95, for a total value of $615,923.35. Following the sale, the chief executive officer now directly owns 345,511 shares of the company’s stock, valued at approximately $33,497,291.45. The disclosure for this sale can be found here. Insiders have sold a total of 48,619 shares of company stock valued at $5,250,520 in the last ninety days. Insiders own 0.54% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC bought a new position in Citrix Systems during the 3rd quarter worth $25,000. Covington Capital Management increased its position in 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 period. Quest Capital Management Inc. ADV bought a new position in Citrix Systems during the 3rd quarter worth $27,000. Usca Ria LLC bought a new position in Citrix Systems during the 3rd quarter worth $30,000. Finally, CWM LLC increased its position in 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 period. 96.62% of the stock is owned by institutional investors and hedge funds.
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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