Investors sold shares of Citrix Systems, Inc. (NASDAQ:CTXS) on strength during trading hours on Monday. $18.95 million flowed into the stock on the tick-up and $48.12 million flowed out of the stock on the tick-down, for a money net flow of $29.17 million out of the stock. Of all equities tracked, Citrix Systems had the 16th highest net out-flow for the day. Citrix Systems traded up $1.23 for the day and closed at $75.84

A number of research analysts have recently commented on CTXS shares. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. MKM Partners boosted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $90.00 in a research report on Thursday, April 27th. Deutsche Bank AG reduced their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Jefferies Group LLC reduced their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and a consensus price target of $89.25.

The stock’s 50 day moving average is $79.50 and its 200-day moving average is $81.10. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 25.55 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business had revenue of $693 million during the quarter, compared to analysts’ expectations of $690.83 million. During the same period in the previous year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Citrix Systems, Inc. will post $4.63 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Buckhead Capital Management LLC boosted its position in Citrix Systems by 0.7% in the first quarter. Buckhead Capital Management LLC now owns 43,814 shares of the cloud computing company’s stock worth $3,654,000 after buying an additional 313 shares in the last quarter. Korea Investment CORP boosted its position in Citrix Systems by 143.6% in the first quarter. Korea Investment CORP now owns 314,198 shares of the cloud computing company’s stock worth $26,201,000 after buying an additional 185,214 shares in the last quarter. BTIM Corp. boosted its position in Citrix Systems by 1.7% in the first quarter. BTIM Corp. now owns 33,445 shares of the cloud computing company’s stock worth $2,788,000 after buying an additional 570 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Citrix Systems by 4.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,159 shares of the cloud computing company’s stock worth $324,000 after buying an additional 183 shares in the last quarter. Finally, V Wealth Management LLC boosted its position in Citrix Systems by 3.2% in the first quarter. V Wealth Management LLC now owns 18,589 shares of the cloud computing company’s stock worth $1,557,000 after buying an additional 576 shares in the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.

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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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