Citrix Systems, Inc. (NASDAQ:CTXS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, August 5th.
A number of other analysts also recently issued reports on CTXS. Jefferies Group LLC cut their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a report on Friday, April 28th. Deutsche Bank AG cut their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a report on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a report on Monday, July 31st. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $90.00 in a report on Thursday, April 27th. Finally, BTIG Research restated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.25.
Citrix Systems (CTXS) traded up 0.25% during trading on Friday, hitting $74.71. The stock had a trading volume of 900,698 shares. The firm has a market cap of $11.32 billion, a PE ratio of 25.17 and a beta of 1.49. The company’s 50 day moving average is $79.01 and its 200 day moving average is $81.04. Citrix Systems has a 52-week low of $64.11 and a 52-week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. Equities research analysts forecast that Citrix Systems will post $4.63 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in CTXS. Bank of Montreal Can raised its stake in shares of Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after buying an additional 1,321,350 shares in the last quarter. BT Investment Management Ltd bought a new stake in shares of Citrix Systems during the second quarter valued at approximately $93,653,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. bought a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Finally, Schroder Investment Management Group raised its stake in shares of Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after buying an additional 899,730 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.
About Citrix Systems
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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