BidaskClub Upgrades Citrix Systems (NASDAQ:CTXS) to Sell

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BidaskClub upgraded shares of Citrix Systems (NASDAQ:CTXS) from a strong sell rating to a sell rating in a research note published on Tuesday morning, BidAskClub reports.

A number of other brokerages have also issued reports on CTXS. Zacks Investment Research lowered Citrix Systems from a hold rating to a sell rating in a research report on Monday, April 29th. Wedbush reiterated a hold rating and set a $100.00 target price on shares of Citrix Systems in a research report on Thursday, April 25th. ValuEngine lowered Citrix Systems from a buy rating to a hold rating in a research report on Friday, April 19th. Finally, Deutsche Bank upgraded Citrix Systems from a hold rating to a buy rating and increased their target price for the company from $110.00 to $120.00 in a research report on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $114.82.

Shares of NASDAQ CTXS opened at $96.75 on Tuesday. The company has a market cap of $12.71 billion, a PE ratio of 22.61, a PEG ratio of 2.72 and a beta of 1.00. Citrix Systems has a 12 month low of $93.12 and a 12 month high of $116.82. 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 issued its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.41. The business had revenue of $719.14 million for the quarter, compared to analysts’ expectations of $707.78 million. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. As a group, analysts forecast that Citrix Systems will post 4.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.

In other Citrix Systems news, CEO David J. Henshall sold 4,367 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $93.99, for a total value of $410,454.33. Following the transaction, the chief executive officer now owns 373,960 shares in the company, valued at approximately $35,148,500.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul J. Hough sold 2,461 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $246,100.00. Following the completion of the transaction, the executive vice president now owns 64,173 shares in the company, valued at approximately $6,417,300. The disclosure for this sale can be found here. Insiders have sold a total of 19,842 shares of company stock worth $1,957,137 in the last quarter. Insiders own 0.54% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. National Pension Service lifted its holdings in Citrix Systems by 6.8% in the 4th quarter. National Pension Service now owns 172,218 shares of the cloud computing company’s stock valued at $18,290,000 after purchasing an additional 10,907 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Citrix Systems by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,783 shares of the cloud computing company’s stock valued at $592,000 after purchasing an additional 174 shares in the last quarter. MML Investors Services LLC lifted its holdings in Citrix Systems by 86.8% in the 4th quarter. MML Investors Services LLC now owns 5,259 shares of the cloud computing company’s stock valued at $539,000 after purchasing an additional 2,444 shares in the last quarter. Gyroscope Capital Management Group LLC purchased a new position in Citrix Systems in the 1st quarter valued at $335,000. Finally, Bank of Hawaii lifted its holdings in Citrix Systems by 56.2% in the 1st quarter. Bank of Hawaii now owns 12,395 shares of the cloud computing company’s stock valued at $1,235,000 after purchasing an additional 4,460 shares in the last quarter. Institutional investors own 97.69% 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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