Citrix Systems, Inc. (CTXS) Receives Hold Rating from KeyCorp
Several other equities research analysts have also recently issued reports on CTXS. BidaskClub cut shares of Citrix Systems from a hold rating to a sell rating in a research report on Friday, July 28th. Royal Bank of Canada reiterated a hold rating and set a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. Stifel Nicolaus reiterated a hold rating and set a $77.00 price objective on shares of Citrix Systems in a research report on Thursday, August 3rd. Barclays PLC reiterated an overweight rating and set a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Finally, MKM Partners restated a buy rating and issued a $90.00 price target (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Citrix Systems presently has an average rating of Hold and an average price target of $89.50.
Citrix Systems (NASDAQ CTXS) traded up $0.19 during midday trading on Friday, reaching $84.22. 1,250,200 shares of the company’s stock were exchanged, compared to its average volume of 1,741,777. Citrix Systems has a 12 month low of $66.28 and a 12 month high of $87.99. The company has a market cap of $12,661.24, a PE ratio of 20.44, a price-to-earnings-growth ratio of 4.01 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. sell-side analysts predict that Citrix Systems will post 3.94 earnings per share for the current fiscal year.
In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total value of $210,800.00. Following the completion of the transaction, the chief financial officer now directly owns 38,512 shares in the company, valued at $3,247,331.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the transaction, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CTXS. Spot Trading L.L.C. acquired a new position in shares of Citrix Systems during the first quarter valued at about $246,000. Dimensional Fund Advisors LP boosted its position in Citrix Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 476,351 shares of the cloud computing company’s stock valued at $39,724,000 after buying an additional 25,026 shares during the last quarter. Atria Investments LLC purchased a new stake in Citrix Systems in the second quarter valued at approximately $235,000. NN Investment Partners Holdings N.V. boosted its position in Citrix Systems by 15.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 35,318 shares of the cloud computing company’s stock valued at $2,810,000 after buying an additional 4,737 shares during the last quarter. Finally, Creative Planning boosted its position in Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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