Citrix Systems, Inc. (NASDAQ:CTXS) CEO David J. Henshall sold 4,250 shares of Citrix Systems stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.48, for a total value of $478,040.00. Following the transaction, the chief executive officer now owns 334,906 shares of the company’s stock, valued at $37,670,226.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:CTXS traded down $0.35 during trading on Wednesday, reaching $110.87. The stock had a trading volume of 979,363 shares, compared to its average volume of 1,979,349. The business has a fifty day moving average price of $109.01 and a 200-day moving average price of $99.21. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. The stock has a market cap of $14.69 billion, a P/E ratio of 24.21, a PEG ratio of 4.46 and a beta of 1.06. Citrix Systems, Inc. has a fifty-two week low of $90.28 and a fifty-two week high of $114.73.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. The firm had revenue of $733.00 million for the quarter, compared to analyst estimates of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. Citrix Systems’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 earnings per share. As a group, equities analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, December 5th. Citrix Systems’s dividend payout ratio is presently 30.57%.
Several institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in Citrix Systems in the 3rd quarter valued at about $25,000. Covington Capital Management boosted its position in Citrix Systems by 175.0% during the second quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Quest Capital Management Inc. ADV bought a new stake in Citrix Systems during the third quarter worth approximately $27,000. Guinness Asset Management Ltd grew its holdings in Citrix Systems by 83.8% during the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after purchasing an additional 134 shares during the last quarter. Finally, Usca Ria LLC acquired a new position in Citrix Systems during the third quarter valued at approximately $30,000. 96.60% of the stock is currently owned by institutional investors.
A number of brokerages have commented on CTXS. Wedbush reiterated a “hold” rating and set a $92.00 target price on shares of Citrix Systems in a report on Friday, October 25th. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $80.00 to $105.00 in a report on Tuesday, October 29th. BidaskClub downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Barclays set a $107.00 price objective on Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Citrix Systems has an average rating of “Hold” and a consensus target price of $105.33.
Citrix Systems Company Profile
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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