Vetr upgraded shares of Citrix Systems Inc. (NASDAQ:CTXS) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $87.24 price target on the cloud computing company’s stock.
CTXS has been the topic of a number of other research reports. Jefferies Group reaffirmed a hold rating on shares of Citrix Systems in a report on Tuesday, July 5th. Zacks Investment Research raised Citrix Systems from a hold rating to a buy rating and set a $95.00 price objective on the stock in a report on Tuesday, June 21st. William Blair reaffirmed a market perform rating on shares of Citrix Systems in a report on Wednesday, July 20th. Deutsche Bank AG upped their price objective on Citrix Systems from $80.00 to $85.00 and gave the stock a hold rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. upped their price objective on Citrix Systems from $93.00 to $104.00 and gave the stock a buy rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $87.30.
Citrix Systems (NASDAQ:CTXS) opened at 83.07 on Tuesday. Citrix Systems has a one year low of $60.91 and a one year high of $90.00. The firm’s 50-day moving average is $85.42 and its 200 day moving average is $83.91. The company has a market capitalization of $12.94 billion, a PE ratio of 33.47 and a beta of 1.94.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The business earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts expect that Citrix Systems will post $5.06 EPS for the current fiscal year.
In related news, Director Murray J. Demo sold 1,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $88.99, for a total transaction of $88,990.00. Following the transaction, the director now directly owns 20,516 shares in the company, valued at $1,825,718.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jessica Soisson sold 6,140 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now owns 18,790 shares in the company, valued at $1,672,497.90. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. British Columbia Investment Management Corp increased its position in Citrix Systems by 21.0% in the third quarter. British Columbia Investment Management Corp now owns 115,130 shares of the cloud computing company’s stock valued at $9,811,000 after buying an additional 19,948 shares during the period. Raymond James Trust N.A. increased its position in Citrix Systems by 4.2% in the third quarter. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 122 shares during the period. Oregon Public Employees Retirement Fund increased its position in Citrix Systems by 4.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 30,556 shares of the cloud computing company’s stock valued at $2,604,000 after buying an additional 1,284 shares during the period. BNP Paribas Arbitrage SA increased its position in Citrix Systems by 926.8% in the third quarter. BNP Paribas Arbitrage SA now owns 421,802 shares of the cloud computing company’s stock valued at $35,946,000 after buying an additional 380,724 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Citrix Systems during the second quarter valued at $502,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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