Citrix Systems, Inc. (NASDAQ:CTXS) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $103.80.
CTXS has been the subject of several research reports. Barclays set a $107.00 price target on Citrix Systems and gave the company a “hold” rating in a report on Friday, November 1st. BidaskClub cut Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 28th. Wedbush restated a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a report on Friday, October 25th. Jefferies Financial Group raised shares of Citrix Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $80.00 to $105.00 in a research report on Tuesday, October 29th. Finally, ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th.
Shares of NASDAQ CTXS traded down $0.16 during mid-day trading on Tuesday, reaching $110.62. The company had a trading volume of 938,179 shares, compared to its average volume of 1,694,043. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. Citrix Systems has a twelve month low of $90.28 and a twelve month high of $114.73. The stock’s 50 day moving average is $109.71 and its 200-day moving average is $99.42. The stock has a market capitalization of $14.43 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 4.38 and a beta of 1.06.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The firm had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. During the same quarter last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that Citrix Systems will post 3.85 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.27%. Citrix Systems’s payout ratio is currently 30.57%.
In related news, CAO Jessica Soisson sold 5,400 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $96.33, for a total transaction of $520,182.00. Following the transaction, the chief accounting officer now owns 32,797 shares in the company, valued at approximately $3,159,335.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark J. Ferrer sold 1,245 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.48, for a total transaction of $140,037.60. Following the sale, the executive vice president now directly owns 60,888 shares in the company, valued at approximately $6,848,682.24. The disclosure for this sale can be found here. Insiders have sold 54,019 shares of company stock valued at $5,770,702 in the last ninety days. Company insiders own 0.54% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its holdings in shares of Citrix Systems by 10.7% in the second quarter. GHP Investment Advisors Inc. now owns 21,819 shares of the cloud computing company’s stock valued at $2,141,000 after purchasing an additional 2,110 shares in the last quarter. First Trust Advisors LP raised its position in Citrix Systems by 29.7% in the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock worth $391,221,000 after purchasing an additional 912,477 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Citrix Systems by 1.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 108,359 shares of the cloud computing company’s stock worth $10,462,000 after buying an additional 1,248 shares in the last quarter. AGF Investments LLC boosted its position in Citrix Systems by 50.6% in the 2nd quarter. AGF Investments LLC now owns 3,180 shares of the cloud computing company’s stock valued at $312,000 after buying an additional 1,068 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its position in Citrix Systems by 28.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,949 shares of the cloud computing company’s stock valued at $443,000 after buying an additional 427 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.
About Citrix Systems
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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