Today: Citrix Systems Inc. (CTXS) Upgraded by Vetr Inc. to Buy

Today: Citrix Systems Inc. (CTXS) Upgraded by Vetr Inc. to Buy

Vetr upgraded shares of Citrix Systems Inc. (NASDAQ:CTXS) from a hold rating to a buy rating in a research report released on Tuesday morning. The firm currently has $87.24 price objective on the cloud computing company’s stock.

Several other equities research analysts have also issued reports on CTXS. Barclays PLC raised their target price on shares of Citrix Systems from $90.00 to $92.00 and gave the stock an overweight rating in a report on Wednesday, July 27th. BTIG Research restated a neutral rating on shares of Citrix Systems in a report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Citrix Systems from a hold rating to a buy rating and set a $95.00 target price for the company in a report on Tuesday, June 21st. Stifel Nicolaus lowered shares of Citrix Systems from a buy rating to a hold rating in a report on Wednesday, July 27th. They noted that the move was a valuation call. Finally, William Blair restated a market perform rating on shares of Citrix Systems in a report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Citrix Systems has a consensus rating of Hold and a consensus target price of $87.30.

Shares of Citrix Systems (NASDAQ:CTXS) opened at 83.64 on Tuesday. The stock has a market cap of $13.02 billion, a PE ratio of 33.70 and a beta of 1.94. The firm has a 50-day moving average of $85.01 and a 200-day moving average of $83.95. Citrix Systems has a one year low of $60.91 and a one year high of $90.00.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The firm earned $843 million during the quarter, compared to analyst estimates of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. On average, equities research analysts expect that Citrix Systems will post $5.06 earnings per share for the current fiscal year.

In related news, SVP Carlos Sartorius sold 13,290 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $84.51, for a total value of $1,123,137.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Burley sold 365 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $84.81, for a total transaction of $30,955.65. Following the completion of the transaction, the vice president now owns 52,695 shares of the company’s stock, valued at $4,469,062.95. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Several institutional investors have recently bought and sold shares of CTXS. Renaissance Technologies LLC purchased a new position in Citrix Systems during the first quarter valued at about $16,367,000. HBK Investments L P boosted its position in Citrix Systems by 32.4% in the first quarter. HBK Investments L P now owns 113,300 shares of the cloud computing company’s stock valued at $8,903,000 after buying an additional 27,700 shares in the last quarter. Hancock Holding Co. purchased a new position in Citrix Systems during the first quarter valued at about $14,006,000. Wellington Management Group LLP boosted its position in Citrix Systems by 516.0% in the first quarter. Wellington Management Group LLP now owns 148,678 shares of the cloud computing company’s stock valued at $11,684,000 after buying an additional 124,543 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Citrix Systems by 25.3% in the first quarter. Riverhead Capital Management LLC now owns 348,970 shares of the cloud computing company’s stock valued at $27,423,000 after buying an additional 70,546 shares in the last quarter. Hedge funds and other institutional investors own 96.68% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

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