Citrix Systems, Inc. (NASDAQ:CTXS) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 10,125,809 shares, a drop of 13.5% from the August 15th total of 11,705,707 shares. Currently, 7.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,212,076 shares, the short-interest ratio is presently 8.4 days.
Shares of CTXS opened at $110.74 on Tuesday. Citrix Systems has a fifty-two week low of $75.19 and a fifty-two week high of $116.82. The firm has a market capitalization of $15.21 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.92 and a beta of 1.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.08. Citrix Systems had a net margin of 3.23% and a return on equity of 64.77%. The company had revenue of $742.36 million for the quarter, compared to analysts’ expectations of $716.33 million. During the same quarter in the previous year, the business posted $103.00 earnings per share. Citrix Systems’s quarterly revenue was up 7.1% on a year-over-year basis. analysts anticipate that Citrix Systems will post 4.2 EPS for the current year.
Several equities research analysts have recently issued reports on CTXS shares. BidaskClub cut shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Barclays boosted their price target on shares of Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Robert W. Baird restated a “hold” rating and issued a $120.00 price target on shares of Citrix Systems in a research report on Thursday, July 26th. Cowen restated a “hold” rating and issued a $120.00 price target on shares of Citrix Systems in a research report on Thursday, July 26th. Finally, Stifel Nicolaus boosted their price target on shares of Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and an average target price of $114.21.
In other news, CEO David J. Henshall sold 10,000 shares of Citrix Systems stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $107.23, for a total transaction of $1,072,300.00. Following the sale, the chief executive officer now owns 333,733 shares in the company, valued at $35,786,189.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jessica Soisson sold 1,136 shares of Citrix Systems stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $113.78, for a total transaction of $129,254.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,520 shares of company stock worth $1,903,262. Company insiders own 0.56% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CTXS. SP Asset Management bought a new position in Citrix Systems during the second quarter valued at $465,000. Bain Capital Public Equity Management LLC increased its position in Citrix Systems by 24.4% during the second quarter. Bain Capital Public Equity Management LLC now owns 852,065 shares of the cloud computing company’s stock valued at $89,330,000 after acquiring an additional 167,031 shares during the last quarter. WINTON GROUP Ltd increased its position in Citrix Systems by 13.8% during the second quarter. WINTON GROUP Ltd now owns 162,835 shares of the cloud computing company’s stock valued at $17,072,000 after acquiring an additional 19,732 shares during the last quarter. Andra AP fonden increased its position in Citrix Systems by 27.2% during the second quarter. Andra AP fonden now owns 104,300 shares of the cloud computing company’s stock valued at $10,935,000 after acquiring an additional 22,300 shares during the last quarter. Finally, Global X Management Co LLC increased its position in Citrix Systems by 53.3% during the second quarter. Global X Management Co LLC now owns 4,158 shares of the cloud computing company’s stock valued at $436,000 after acquiring an additional 1,445 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.
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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