Insider Selling: Citrix Systems Director Sells 1,000 Shares of Stock (CTXS)
Citrix Systems (NASDAQ:CTXS) Director Murray J. Demo sold 1,000 shares of Citrix Systems stock on the open market in a transaction dated Thursday, July 31st. The stock was sold at an average price of $68.44, for a total transaction of $68,440.00. Following the completion of the sale, the director now directly owns 44,705 shares in the company, valued at approximately $3,059,610. The sale was disclosed in a document filed with the SEC, which is available at this link.
Citrix Systems (NASDAQ:CTXS) traded up 0.67% during mid-day trading on Monday, hitting $67.85. 620,483 shares of the company’s stock traded hands. Citrix Systems has a one year low of $51.18 and a one year high of $77.16. The stock’s 50-day moving average is $64.64 and its 200-day moving average is $60.55. The company has a market cap of $11.595 billion and a price-to-earnings ratio of 38.19.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.27. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Citrix Systems will post $3.23 EPS for the current fiscal year.
CTXS has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Citrix Systems in a research note on Thursday, July 24th. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at RBC Capital raised their price target on shares of Citrix Systems from $66.00 to $69.00 in a research note on Thursday, July 24th. They now have a “sector perform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Citrix Systems from $70.00 to $73.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Citrix Systems currently has a consensus rating of “Buy” and an average target price of $71.07.
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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