Insider Selling: Citrix Systems SVP Sells 6,376 Shares of Stock (CTXS)
Citrix Systems (NASDAQ:CTXS) SVP Christopher Hylen sold 6,376 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $67.50, for a total value of $430,380.00. Following the sale, the senior vice president now directly owns 45,931 shares of the company’s stock, valued at approximately $3,100,343. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Citrix Systems (NASDAQ:CTXS) traded down 0.07% on Friday, hitting $68.61. The stock had a trading volume of 1,380,725 shares. Citrix Systems has a 1-year low of $51.18 and a 1-year high of $77.16. The stock has a 50-day moving average of $65. and a 200-day moving average of $60.75. The company has a market cap of $11.284 billion and a price-to-earnings ratio of 38.90.
Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Citrix Systems will post $3.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.93.
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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