A number of other research analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) upgraded Citrix Systems from a neutral rating to a buy rating and set a $109.00 price objective for the company in a research note on Friday, November 3rd. Zacks Investment Research upgraded Citrix Systems from a sell rating to a hold rating in a research note on Monday, October 30th. Citigroup Inc. cut their price objective on Citrix Systems from $96.00 to $94.00 and set a buy rating for the company in a research note on Friday, October 27th. Stifel Nicolaus cut their price objective on Citrix Systems from $77.00 to $76.00 and set a hold rating for the company in a research note on Thursday, October 26th. Finally, Mizuho reiterated a buy rating and set a $94.00 price objective (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Citrix Systems currently has an average rating of Hold and a consensus price target of $89.50.
Citrix Systems (NASDAQ:CTXS) opened at $84.22 on Friday. The stock has a market capitalization of $12,689.87, a P/E ratio of 20.49, a P/E/G ratio of 4.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. Citrix Systems has a 52 week low of $66.28 and a 52 week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. research analysts predict that Citrix Systems will post 3.94 earnings per share for the current year.
In other news, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the sale, the chief financial officer now directly owns 38,512 shares of the company’s stock, valued at approximately $3,247,331.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total value of $1,053,125.00. Following the sale, the chief executive officer now directly owns 306,777 shares in the company, valued at $25,845,962.25. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Greenwood Capital Associates LLC increased its position in shares of 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 purchasing an additional 289 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Citrix Systems during the 3rd quarter valued at approximately $215,000. Colony Group LLC bought a new position in shares of Citrix Systems during the 2nd quarter valued at approximately $228,000. New Amsterdam Partners LLC NY bought a new position in shares of Citrix Systems during the 2nd quarter valued at approximately $231,000. Finally, Spot Trading L.L.C. bought a new position in shares of Citrix Systems during the 1st quarter valued at approximately $246,000. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
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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