Trading Report: Today, Citrix Systems Inc. (CTXS) Given Average Rating of “Hold” by Analysts

Today, Citrix Systems Inc. (CTXS) Given Average Rating of “Hold” by Analysts

Citrix Systems Inc. (NASDAQ:CTXS) has earned a consensus rating of “Hold” from the twenty-five ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $89.58.

A number of research analysts have recently weighed in on CTXS shares. Zacks Investment Research downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James Financial Inc. reissued a “market perform” rating on shares of Citrix Systems in a research report on Sunday, October 23rd. Robert W. Baird reissued an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Citrix Systems in a research report on Saturday, October 22nd. William Blair reissued a “market perform” rating on shares of Citrix Systems in a research report on Thursday, October 20th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Citrix Systems in a research report on Thursday, October 20th.

In other news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $88.22, for a total transaction of $88,220.00. Following the completion of the transaction, the director now directly owns 16,276 shares of the company’s stock, valued at $1,435,868.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David J. Henshall sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $85.05, for a total transaction of $2,126,250.00. Following the transaction, the chief financial officer now directly owns 216,781 shares of the company’s stock, valued at $18,437,224.05. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Several institutional investors have recently modified their holdings of CTXS. Tower Research Capital LLC TRC increased its position in shares of Citrix Systems by 0.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,886 shares of the cloud computing company’s stock valued at $231,000 after buying an additional 11 shares during the period. Synovus Financial Corp boosted its position in shares of Citrix Systems by 0.5% in the second quarter. Synovus Financial Corp now owns 2,512 shares of the cloud computing company’s stock valued at $204,000 after buying an additional 12 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Citrix Systems by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,916 shares of the cloud computing company’s stock valued at $474,000 after buying an additional 38 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock valued at $104,000 after buying an additional 49 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Citrix Systems by 0.3% in the second quarter. CIBC Asset Management Inc now owns 21,401 shares of the cloud computing company’s stock valued at $1,714,000 after buying an additional 63 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Citrix Systems (NASDAQ:CTXS) traded up 0.72% on Friday, reaching $88.31. 446,967 shares of the company’s stock traded hands. Citrix Systems has a one year low of $60.91 and a one year high of $90.00. The firm has a market cap of $13.77 billion, a P/E ratio of 29.53 and a beta of 1.66. The company’s 50-day moving average price is $85.16 and its 200 day moving average price is $84.99.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, October 19th. The cloud computing company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.13. The firm earned $841.30 million during the quarter, compared to analyst estimates of $827.21 million. Citrix Systems had a net margin of 13.69% and a return on equity of 32.90%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, equities analysts forecast that Citrix Systems will post $5.20 EPS for the current fiscal year.

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