Short Interest in Citrix Systems, Inc. (CTXS) Drops By 21.3%

Citrix Systems, Inc. (NASDAQ:CTXS) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 8,778,580 shares, a decline of 21.3% from the November 30th total of 11,158,596 shares. Based on an average daily trading volume, of 1,869,694 shares, the short-interest ratio is currently 4.7 days. Currently, 5.9% of the company’s shares are short sold.

In related news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $88.31, for a total value of $1,103,875.00. Following the transaction, the chief executive officer now owns 294,277 shares in the company, valued at $25,987,601.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total transaction of $210,800.00. Following the completion of the transaction, the chief financial officer now owns 38,512 shares in the company, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,030 shares of company stock worth $8,225,867. 0.44% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Veritable L.P. lifted its stake in shares of Citrix Systems by 0.3% during the 2nd quarter. Veritable L.P. now owns 4,477 shares of the cloud computing company’s stock valued at $356,000 after buying an additional 15 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Citrix Systems by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 23,240 shares of the cloud computing company’s stock valued at $1,849,000 after buying an additional 265 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake 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 buying an additional 289 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Citrix Systems by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after buying an additional 322 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in shares of Citrix Systems by 3.2% during the 2nd quarter. Norinchukin Bank The now owns 10,488 shares of the cloud computing company’s stock valued at $835,000 after buying an additional 328 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Citrix Systems (CTXS) opened at $88.00 on Tuesday. Citrix Systems has a 52-week low of $70.24 and a 52-week high of $88.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. The stock has a market cap of $13,350.00, a PE ratio of 27.33, a price-to-earnings-growth ratio of 4.20 and a beta of 1.41.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. During the same period in the prior year, the firm earned $1.32 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. equities analysts predict that Citrix Systems will post 3.93 earnings per share for the current fiscal year.

Citrix Systems declared that its board has authorized a share buyback plan on Monday, November 13th that authorizes the company to buyback $1.70 billion in shares. This buyback authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

CTXS has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Wells Fargo & Co upgraded shares of Citrix Systems from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $82.50 to $95.00 in a report on Monday, October 2nd. Finally, Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $89.50.

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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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