Citrix Systems, Inc. (NASDAQ:CTXS) EVP Mark J. Ferrer sold 1,245 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.48, for a total value of $140,037.60. Following the sale, the executive vice president now directly owns 60,888 shares of the company’s stock, valued at $6,848,682.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
CTXS traded down $0.35 during trading on Wednesday, hitting $110.87. 979,365 shares of the stock were exchanged, compared to its average volume of 1,979,349. The firm has a 50 day simple moving average of $109.01 and a 200 day simple moving average of $99.21. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 4.46 and a beta of 1.06. Citrix Systems, Inc. has a 1 year low of $90.28 and a 1 year high of $114.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million for the quarter, compared to the consensus estimate of $715.05 million. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. Citrix Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. As a group, equities analysts anticipate that Citrix Systems, Inc. will post 3.85 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, December 5th. Citrix Systems’s payout ratio is currently 30.57%.
A number of equities research analysts recently issued reports on CTXS shares. Barclays set a $107.00 price target on Citrix Systems and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $80.00 to $105.00 in a research note on Tuesday, October 29th. BidaskClub lowered Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, Wedbush reissued a “hold” rating and set a $92.00 price target on shares of Citrix Systems in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $105.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC purchased a new position in Citrix Systems during the 3rd quarter worth $25,000. Covington Capital Management increased its holdings in Citrix Systems by 175.0% during the 2nd quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Quest Capital Management Inc. ADV purchased a new position in Citrix Systems during the 3rd quarter worth $27,000. Guinness Asset Management Ltd increased its holdings in Citrix Systems by 83.8% during the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after purchasing an additional 134 shares during the period. Finally, Usca Ria LLC purchased a new position in Citrix Systems during the 3rd quarter worth $30,000. Institutional investors own 96.60% of the company’s stock.
About Citrix Systems
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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