Citrix Systems’ (CTXS) “Neutral” Rating Reaffirmed at Mizuho
Citrix Systems Inc. (NASDAQ:CTXS)‘s stock had its “neutral” rating reaffirmed by stock analysts at Mizuho in a research report issued to clients and investors on Monday. They currently have a $90.00 price objective on the cloud computing company’s stock. Mizuho’s price target indicates a potential upside of 7.60% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on CTXS. Zacks Investment Research raised Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, July 29th. MKM Partners reissued a “buy” rating and issued a $98.00 price target on shares of Citrix Systems in a report on Tuesday, July 12th. Citigroup Inc. boosted their price target on Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley boosted their price target on Citrix Systems from $70.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, July 27th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Citrix Systems presently has an average rating of “Hold” and an average price target of $87.30.
Shares of Citrix Systems (NASDAQ:CTXS) traded up 0.18% during trading on Monday, reaching $83.79. The company had a trading volume of 426,538 shares. Citrix Systems has a 52 week low of $60.91 and a 52 week high of $90.00. The firm has a 50-day moving average of $85.01 and a 200 day moving average of $83.95. The firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 33.76 and a beta of 1.94.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/citrix-systems-ctxs-neutral-rating-reaffirmed-at-mizuho.html
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. The firm earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. Citrix Systems’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities research analysts forecast that Citrix Systems will post $5.06 earnings per share for the current year.
In other Citrix Systems news, VP Jessica Soisson sold 6,140 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $89.01, for a total transaction of $546,521.40. Following the sale, the vice president now owns 18,790 shares in the company, valued at $1,672,497.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP William Burley sold 365 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $84.81, for a total value of $30,955.65. Following the sale, the vice president now owns 52,695 shares in the company, valued at approximately $4,469,062.95. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. National Pension Service boosted its stake in shares of Citrix Systems by 9.4% in the third quarter. National Pension Service now owns 127,927 shares of the cloud computing company’s stock valued at $10,902,000 after buying an additional 10,995 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Citrix Systems by 1.2% in the third quarter. Highland Capital Management LLC now owns 8,774 shares of the cloud computing company’s stock worth $748,000 after buying an additional 105 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Citrix Systems by 9.9% in the third quarter. Nisa Investment Advisors LLC now owns 69,790 shares of the cloud computing company’s stock worth $5,948,000 after buying an additional 6,294 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Citrix Systems by 30.9% in the third quarter. Capstone Asset Management Co. now owns 45,437 shares of the cloud computing company’s stock worth $3,872,000 after buying an additional 10,720 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Citrix Systems during the third quarter worth $230,000. Hedge funds and other institutional investors own 96.92% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.