Citrix Systems, Inc. (NASDAQ:CTXS) has been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $89.50.
Several equities research analysts have recently issued reports on CTXS shares. MKM Partners reaffirmed a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the company a “buy” rating in a research report on Friday, October 6th. Mizuho reissued a “buy” rating and issued a $94.00 price target (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, October 25th. Citigroup Inc. reduced their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Friday, November 3rd.
Citrix Systems (NASDAQ CTXS) traded up $1.52 during trading on Monday, hitting $85.64. 1,768,084 shares of the stock traded hands, compared to its average volume of 1,742,972. The stock has a market cap of $12,850.00, a PE ratio of 20.74, a P/E/G ratio of 4.07 and a beta of 1.40. Citrix Systems has a 1-year low of $67.22 and a 1-year high of $87.99. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69.
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, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. The business had revenue of $691.00 million during 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 EPS. sell-side analysts expect that Citrix Systems will post 3.94 earnings per share for the current year.
Citrix Systems declared that its board has authorized a share buyback program on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 38,512 shares of the company’s stock, valued at $3,247,331.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total transaction of $721,467.40. Following the completion of the sale, the senior vice president now directly owns 67,122 shares of the company’s stock, valued at approximately $5,677,178.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,530 shares of company stock worth $1,985,392. 0.44% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in Citrix Systems by 50.0% during the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after purchasing an additional 768 shares in the last quarter. Greenwood Capital Associates LLC boosted its stake in Citrix Systems by 12.0% during the 2nd quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after acquiring an additional 289 shares during the last quarter. Intact Investment Management Inc. bought a new position in Citrix Systems during the 3rd quarter valued at $215,000. Colony Group LLC bought a new position in Citrix Systems during the 2nd quarter valued at $228,000. Finally, New Amsterdam Partners LLC NY bought a new position in Citrix Systems during the 2nd quarter valued at $231,000. 93.33% of the stock is owned by institutional investors.
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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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