Citrix Systems, Inc. (CTXS) Receives Consensus Rating of “Hold” from Analysts

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Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $114.44.

Several brokerages have issued reports on CTXS. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Wedbush lowered their target price on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th.

Citrix Systems stock traded down $0.46 during trading on Friday, reaching $94.73. The company had a trading volume of 48,556 shares, compared to its average volume of 2,127,685. Citrix Systems has a 1-year low of $94.17 and a 1-year high of $116.82. The stock has a market capitalization of $12.59 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.70 and a beta of 1.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.86.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.41. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The firm had revenue of $719.14 million for the quarter, compared to analysts’ expectations of $707.78 million. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts predict that Citrix Systems will post 4.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.40 annualized dividend and a yield of 1.48%. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

In other news, CFO Matto Andrew H. Del sold 582 shares of Citrix Systems stock in a transaction on Monday, March 4th. The stock was sold at an average price of $106.78, for a total transaction of $62,145.96. Following the transaction, the chief financial officer now owns 60,294 shares in the company, valued at approximately $6,438,193.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Ferrer sold 1,388 shares of Citrix Systems stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $105.04, for a total value of $145,795.52. Following the transaction, the executive vice president now owns 58,033 shares in the company, valued at approximately $6,095,786.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,221 shares of company stock worth $1,638,344. 0.54% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in Citrix Systems by 691.3% in the 1st quarter. Advisory Services Network LLC now owns 2,374 shares of the cloud computing company’s stock valued at $237,000 after buying an additional 2,074 shares during the period. Nordea Investment Management AB raised its holdings in Citrix Systems by 694.1% in the 1st quarter. Nordea Investment Management AB now owns 1,220,537 shares of the cloud computing company’s stock valued at $121,638,000 after buying an additional 1,066,829 shares during the period. Horizon Investments LLC raised its holdings in Citrix Systems by 8.1% in the 1st quarter. Horizon Investments LLC now owns 25,249 shares of the cloud computing company’s stock valued at $2,516,000 after buying an additional 1,899 shares during the period. Kore Private Wealth LLC purchased a new stake in Citrix Systems in the 1st quarter valued at about $40,000. Finally, Wunderlich Capital Managemnt raised its holdings in Citrix Systems by 3.3% in the 1st quarter. Wunderlich Capital Managemnt now owns 11,555 shares of the cloud computing company’s stock valued at $1,151,000 after buying an additional 365 shares during the period. Institutional investors and hedge funds own 97.68% 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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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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