Robert W. Baird reiterated their in-line rating on shares of Citrix Systems (NASDAQ:CTXS) in a research report sent to investors on Wednesday morning. Robert W. Baird currently has a $110.00 target price on the cloud computing company’s stock, up from their previous target price of $100.00.
A number of other equities analysts have also commented on CTXS. Zacks Investment Research lowered shares of Citrix Systems from a hold rating to a sell rating in a report on Tuesday, December 26th. BidaskClub upgraded shares of Citrix Systems from a strong sell rating to a sell rating in a report on Friday, January 5th. Barclays lowered shares of Citrix Systems from an overweight rating to an equal weight rating and set a $90.00 price target on the stock. in a report on Monday, January 8th. Cowen lowered shares of Citrix Systems from an outperform rating to a market perform rating and lifted their price target for the stock from $90.00 to $93.00 in a report on Thursday, January 11th. They noted that the move was a valuation call. Finally, Mizuho reiterated a buy rating and set a $101.00 price target (up previously from $92.00) on shares of Citrix Systems in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $94.44.
Shares of NASDAQ:CTXS opened at $96.57 on Wednesday. The firm has a market cap of $13,236.58, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.06 and a beta of 1.27. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14. Citrix Systems has a 52 week low of $73.33 and a 52 week high of $98.60.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. Citrix Systems’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. equities analysts anticipate that Citrix Systems will post 3.91 earnings per share for the current year.
In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now directly owns 281,777 shares of the company’s stock, valued at $26,098,185.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Calderoni sold 62,237 shares of Citrix Systems stock in a transaction on Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the completion of the sale, the insider now directly owns 208,112 shares of the company’s stock, valued at $19,932,967.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,010 shares of company stock worth $7,786,462. 0.44% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CTXS. NuWave Investment Management LLC bought a new stake in Citrix Systems in the fourth quarter valued at $107,000. Advisory Services Network LLC increased its stake in Citrix Systems by 346.8% in the fourth quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after purchasing an additional 1,148 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Citrix Systems in the fourth quarter valued at $172,000. Itau Unibanco Holding S.A. increased its stake in Citrix Systems by 197.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock valued at $184,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Citrix Systems in the fourth quarter valued at $194,000. 91.46% of the stock is owned by hedge funds and other institutional investors.
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Citrix Systems Company Profile
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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