Citrix Systems Short Interest Up 467.1% in April (CTXS)
Shares of Citrix Systems (NASDAQ:CTXS) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 24,457,030 shares, an increase of 467.1% from the April 15th total of 4,312,564 shares, American Banking and Market News reports. Based on an average trading volume of 3,958,204 shares, the days-to-cover ratio is presently 6.2 days. Approximately 13.4% of the shares of the company are short sold.
In other Citrix Systems news, CMO Steve Daheb sold 7,200 shares of the company’s stock on the open market in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $59.31, for a total value of $427,032.00. Following the transaction, the chief marketing officer now directly owns 39,241 shares in the company, valued at approximately $2,327,384. The sale was disclosed in a document filed with the SEC, which is available at this link.
CTXS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated an “overweight” rating on shares of Citrix Systems in a research note on Wednesday, May 7th. They now have a $66.00 price target on the stock, up previously from $63.00. Separately, analysts at RBC Capital raised their price target on shares of Citrix Systems from $63.00 to $66.00 in a research note on Tuesday, May 6th. Finally, analysts at Bernberg upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.70.
Shares of Citrix Systems (NASDAQ:CTXS) opened at 60.37 on Wednesday. Citrix Systems has a 52 week low of $51.18 and a 52 week high of $77.16. The stock has a 50-day moving average of $58. and a 200-day moving average of $58.79. The company has a market cap of $9.892 billion and a price-to-earnings ratio of 34.25.
Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.05. The company had revenue of $750.80 million for the quarter, compared to the consensus estimate of $732.17 million. During the same quarter last year, the company posted $0.62 earnings per share. Citrix Systems’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Citrix Systems will post $3.07 earnings per share for the current fiscal year.
Citrix Systems, Inc is a cloud computing company. The Company designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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