Citrix Systems (NASDAQ:CTXS)‘s stock had its “buy” rating reiterated by research analysts at Robert W. Baird in a research report issued on Thursday, January 18th.
Other equities analysts have also issued reports about the company. Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and set a $94.00 price target (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Citigroup decreased their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Barclays lowered Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price target for the company. in a research note on Monday, January 8th. Finally, Zacks Investment Research raised Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $91.31.
Shares of Citrix Systems (CTXS) traded up $1.04 during mid-day trading on Thursday, reaching $86.79. The company had a trading volume of 1,644,305 shares, compared to its average volume of 1,559,852. Citrix Systems has a 1-year low of $73.33 and a 1-year high of $95.00. The company has a market cap of $13,080.00, a price-to-earnings ratio of 2,893.00, a price-to-earnings-growth ratio of 2.72 and a beta of 1.35. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business had revenue of $777.90 million during the quarter, compared to analyst estimates of $778.49 million. During the same period in the prior year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. sell-side analysts forecast that Citrix Systems will post 3.88 EPS for the current fiscal year.
Citrix Systems declared that its board has authorized a share buyback program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
In other news, insider Robert Calderoni sold 60,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.61, for a total value of $5,136,600.00. Following the transaction, the insider now directly owns 178,706 shares of the company’s stock, valued at $15,299,020.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the completion of the transaction, the chief executive officer now directly owns 281,777 shares in the company, valued at $26,098,185.74. The disclosure for this sale can be found here. Insiders sold 96,030 shares of company stock worth $8,341,942 over the last ninety days. 0.44% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CTXS. BT Investment Management Ltd increased its position in Citrix Systems by 11.7% during the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after buying an additional 138,032 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after buying an additional 200,291 shares during the last quarter. Profit Investment Management LLC increased its position in Citrix Systems by 43.4% during the third quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock worth $1,236,000 after buying an additional 4,867 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Citrix Systems by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock worth $43,360,000 after buying an additional 68,506 shares during the last quarter. Finally, PGGM Investments increased its position in Citrix Systems by 25.3% during the third quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock worth $35,960,000 after buying an additional 94,592 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
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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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