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 the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $70.01, for a total transaction of $70,010.00. Following the completion of the sale, the director now directly owns 43,705 shares of the company’s stock, valued at approximately $3,059,787. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CTXS shares. 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $70.93.
Citrix Systems (NASDAQ:CTXS) traded up 0.27% on Wednesday, hitting $70.75. 70,942 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 has a 50-day moving average of $67.92 and a 200-day moving average of $62.42. The company has a market cap of $11.636 billion and a P/E ratio of 39.98.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results 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.
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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