BidaskClub downgraded shares of Citrix Systems (NASDAQ:CTXS) from a buy rating to a hold rating in a report published on Thursday morning.

A number of other research firms have also issued reports on CTXS. Stifel Nicolaus upped their target price on Citrix Systems from $105.00 to $120.00 and gave the company a hold rating in a research note on Thursday, July 26th. Morgan Stanley upped their target price on Citrix Systems from $92.00 to $101.00 and gave the company an underweight rating in a research note on Thursday, July 26th. Robert W. Baird reaffirmed a hold rating and issued a $120.00 target price on shares of Citrix Systems in a research note on Thursday, July 26th. Cowen reaffirmed a hold rating and issued a $120.00 target price on shares of Citrix Systems in a research note on Thursday, July 26th. Finally, Barclays upped their target price on Citrix Systems from $112.00 to $114.00 and gave the company an equal weight rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $114.21.

CTXS opened at $110.36 on Thursday. The company has a market capitalization of $14.97 billion, a P/E ratio of 26.66, a PEG ratio of 2.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. Citrix Systems has a 1-year low of $75.19 and a 1-year high of $116.82.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.08. Citrix Systems had a return on equity of 64.77% and a net margin of 3.23%. The business had revenue of $742.36 million for the quarter, compared to analysts’ expectations of $716.33 million. During the same quarter in the prior year, the firm posted $103.00 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts forecast that Citrix Systems will post 4.2 earnings per share for the current fiscal year.

In other Citrix Systems news, insider Robert Calderoni sold 2,128 shares of the stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $106.27, for a total transaction of $226,142.56. Following the transaction, the insider now owns 152,908 shares of the company’s stock, valued at approximately $16,249,533.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David J. Henshall sold 10,000 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $107.23, for a total value of $1,072,300.00. Following the transaction, the chief executive officer now directly owns 333,733 shares in the company, valued at approximately $35,786,189.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,520 shares of company stock worth $1,903,262. Corporate insiders own 0.56% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Citrix Systems by 81.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 927,034 shares of the cloud computing company’s stock worth $97,191,000 after purchasing an additional 416,446 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Citrix Systems by 6,420.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 615,107 shares of the cloud computing company’s stock worth $64,488,000 after purchasing an additional 605,674 shares during the period. Suntrust Banks Inc. raised its position in shares of Citrix Systems by 110.1% in the 1st quarter. Suntrust Banks Inc. now owns 8,456 shares of the cloud computing company’s stock worth $784,000 after buying an additional 4,432 shares during the period. ING Groep NV purchased a new position in shares of Citrix Systems in the 2nd quarter worth $3,406,000. Finally, Burney Co. raised its position in shares of Citrix Systems by 16.2% in the 2nd quarter. Burney Co. now owns 7,396 shares of the cloud computing company’s stock worth $775,000 after buying an additional 1,032 shares during the period. 95.37% of the stock is currently owned by institutional investors.

About Citrix Systems

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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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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