Citrix Systems, Inc. (NASDAQ:CTXS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $105.00.

Several research firms have weighed in on CTXS. BidaskClub upgraded shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday. Morgan Stanley decreased their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group decreased their price target on shares of Citrix Systems from $85.00 to $80.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 8th. Wedbush reiterated a “hold” rating and issued a $95.00 price target on shares of Citrix Systems in a research report on Thursday, July 25th. Finally, ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th.

CTXS traded up $1.68 during trading on Monday, hitting $103.20. The company’s stock had a trading volume of 2,008,212 shares, compared to its average volume of 1,996,076. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86. Citrix Systems has a one year low of $90.28 and a one year high of $112.27. The firm has a market cap of $13.19 billion, a PE ratio of 22.53, a P/E/G ratio of 3.65 and a beta of 1.02. The business’s 50 day simple moving average is $96.60 and its 200-day simple moving average is $96.96.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.27. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The business had revenue of $748.70 million for the quarter, compared to the consensus estimate of $772.00 million. During the same period last year, the firm earned $1.28 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Citrix Systems will post 3.8 EPS for the current fiscal year.

In other news, EVP Rotterdam Jeroen Van sold 4,288 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $92.06, for a total value of $394,753.28. Following the completion of the sale, the executive vice president now directly owns 63,806 shares of the company’s stock, valued at $5,873,980.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter John Sacripanti sold 5,726 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $91.40, for a total transaction of $523,356.40. Following the completion of the sale, the director now directly owns 14,249 shares of the company’s stock, valued at $1,302,358.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,473 shares of company stock valued at $3,238,732. Corporate insiders own 0.54% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Trust Walden Corp grew its stake in Citrix Systems by 9.4% during the third quarter. Boston Trust Walden Corp now owns 62,670 shares of the cloud computing company’s stock valued at $6,049,000 after acquiring an additional 5,360 shares in the last quarter. Calamos Advisors LLC grew its stake in Citrix Systems by 9.5% during the third quarter. Calamos Advisors LLC now owns 69,613 shares of the cloud computing company’s stock valued at $6,719,000 after acquiring an additional 6,046 shares in the last quarter. Brinker Capital Inc. grew its stake in Citrix Systems by 32.1% during the third quarter. Brinker Capital Inc. now owns 33,494 shares of the cloud computing company’s stock valued at $3,233,000 after acquiring an additional 8,143 shares in the last quarter. Strs Ohio grew its stake in Citrix Systems by 5.0% during the third quarter. Strs Ohio now owns 10,244 shares of the cloud computing company’s stock valued at $988,000 after acquiring an additional 484 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in Citrix Systems by 2.3% during the third quarter. Stephens Inc. AR now owns 11,816 shares of the cloud computing company’s stock valued at $1,140,000 after acquiring an additional 263 shares in the last quarter.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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