Citrix Systems, Inc. (NASDAQ:CTXS) SVP Rotterdam Jeroen Van sold 8,530 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the completion of the transaction, the senior vice president now directly owns 67,122 shares in the company, valued at $5,677,178.76. The sale was disclosed in a filing with the SEC, which is available through this link.
Citrix Systems, Inc. (CTXS) traded up $0.87 during trading hours on Friday, reaching $86.51. The company had a trading volume of 2,119,237 shares, compared to its average volume of 1,744,659. The firm has a market capitalization of $12,850.00, a price-to-earnings ratio of 20.74, a PEG ratio of 4.07 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. Citrix Systems’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. sell-side analysts anticipate that Citrix Systems, Inc. will post 3.94 EPS for the current fiscal year.
Citrix Systems announced that its board has authorized a stock repurchase plan on Monday, November 13th that allows the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization allows the cloud computing company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
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A number of brokerages have commented on CTXS. BidaskClub lowered Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a report on Monday, July 31st. Robert W. Baird set a $90.00 price objective on Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $89.50.
Large investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its stake in Citrix Systems by 50.0% in the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after buying an additional 768 shares in the last quarter. Greenwood Capital Associates LLC boosted its stake in Citrix Systems by 12.0% in the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after buying an additional 289 shares in the last quarter. Intact Investment Management Inc. bought a new position in Citrix Systems in the third quarter valued at about $215,000. Colony Group LLC bought a new position in Citrix Systems in the second quarter valued at about $228,000. Finally, New Amsterdam Partners LLC NY bought a new position in Citrix Systems in the second quarter valued at about $231,000. 93.33% of the stock is currently owned by institutional investors and hedge funds.
Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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