Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $113.67.
Several equities research analysts have commented on the stock. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Tuesday, December 18th. Finally, Wedbush cut their price target on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th.
In other news, EVP Timothy A. Minahan sold 5,890 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $109.40, for a total value of $644,366.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Minahan sold 1,836 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $100.55, for a total transaction of $184,609.80. Following the completion of the sale, the executive vice president now directly owns 46,074 shares in the company, valued at $4,632,740.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,973 shares of company stock worth $3,690,251. 0.56% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of Citrix Systems by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock valued at $1,562,972,000 after purchasing an additional 472,583 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Citrix Systems by 8,930.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock valued at $44,000 after purchasing an additional 4,410,291 shares during the period. Northern Trust Corp raised its holdings in shares of Citrix Systems by 11.9% in the 4th quarter. Northern Trust Corp now owns 2,369,828 shares of the cloud computing company’s stock valued at $242,812,000 after purchasing an additional 251,645 shares during the period. Geode Capital Management LLC grew its stake in Citrix Systems by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after buying an additional 103,540 shares during the last quarter. Finally, Man Group plc grew its stake in Citrix Systems by 11.9% in the 3rd quarter. Man Group plc now owns 1,898,908 shares of the cloud computing company’s stock valued at $211,082,000 after buying an additional 201,851 shares during the last quarter. 98.70% of the stock is currently owned by institutional investors.
NASDAQ CTXS traded up $0.54 on Friday, reaching $106.04. The company had a trading volume of 2,260,369 shares, compared to its average volume of 1,743,537. The firm has a market cap of $13.86 billion, a PE ratio of 23.15, a PEG ratio of 2.79 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 1.35. Citrix Systems has a 1-year low of $89.75 and a 1-year high of $116.82.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The firm had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $791.27 million. During the same period in the previous year, the firm posted $1.66 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that Citrix Systems will post 4.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a $0.35 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. Citrix Systems’s payout ratio is 30.57%.
Citrix Systems Company Profile
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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