Citrix Systems, Inc. (NASDAQ:CTXS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $117.46 and last traded at $117.22, with a volume of 61002 shares changing hands. The stock had previously closed at $115.31.
CTXS has been the subject of a number of research analyst reports. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wedbush reiterated a “hold” rating and set a $92.00 price target on shares of Citrix Systems in a research report on Friday, October 25th. Barclays set a $107.00 target price on Citrix Systems and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group upgraded Citrix Systems from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $103.80.
The stock has a 50-day moving average of $111.73 and a two-hundred day moving average of $102.50. The company has a market cap of $14.97 billion, a P/E ratio of 25.45, a P/E/G ratio of 4.81 and a beta of 1.04. 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 earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, sell-side analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.35 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.20%. Citrix Systems’s payout ratio is 30.57%.
In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 7,956 shares of Citrix Systems stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $108.12, for a total value of $860,202.72. Following the transaction, the executive vice president now directly owns 48,287 shares of the company’s stock, valued at approximately $5,220,790.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter John Sacripanti sold 637 shares of Citrix Systems stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $114.24, for a total value of $72,770.88. Following the completion of the transaction, the director now directly owns 13,662 shares in the company, valued at $1,560,746.88. The disclosure for this sale can be found here. Insiders sold a total of 48,037 shares of company stock worth $5,278,883 over the last ninety days. Insiders own 0.54% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new position in Citrix Systems in the 4th quarter worth approximately $542,000. Coastline Trust Co grew its stake in Citrix Systems by 3.5% in the fourth quarter. Coastline Trust Co now owns 30,590 shares of the cloud computing company’s stock worth $3,393,000 after purchasing an additional 1,041 shares during the period. First Hawaiian Bank purchased a new stake in Citrix Systems in the fourth quarter worth $422,000. DNB Asset Management AS grew its stake in Citrix Systems by 3.6% in the fourth quarter. DNB Asset Management AS now owns 25,544 shares of the cloud computing company’s stock worth $2,833,000 after purchasing an additional 894 shares during the period. Finally, Allred Capital Management LLC bought a new stake in Citrix Systems in the fourth quarter worth $53,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.
About Citrix Systems (NASDAQ:CTXS)
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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