Citrix Systems Inc. (CTXS) Rating Reiterated by Mizuho
Citrix Systems Inc. (NASDAQ:CTXS)‘s stock had its “neutral” rating reiterated by analysts at Mizuho in a research note issued to investors on Monday. They presently have a $90.00 price objective on the cloud computing company’s stock. Mizuho’s target price indicates a potential upside of 7.60% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, July 29th. Jefferies Group downgraded shares of Citrix Systems from a “hold” rating to an “underperform” rating and lowered their target price for the company from $80.00 to $71.00 in a report on Monday, August 1st. They noted that the move was a valuation call. MKM Partners reiterated a “buy” rating and issued a $98.00 target price on shares of Citrix Systems in a report on Tuesday, July 12th. Barclays PLC increased their target price on shares of Citrix Systems from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Finally, Morgan Stanley increased their target price on shares of Citrix Systems from $70.00 to $77.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.30.
Shares of Citrix Systems (NASDAQ:CTXS) traded up 0.25% during mid-day trading on Monday, reaching $83.85. The company’s stock had a trading volume of 414,334 shares. The stock has a market capitalization of $13.06 billion, a P/E ratio of 33.78 and a beta of 1.94. The company’s 50-day moving average price is $85.01 and its 200-day moving average price is $83.95. Citrix Systems has a 12-month low of $60.91 and a 12-month high of $90.00.
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Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm had revenue of $843 million for the quarter, compared to the consensus estimate of $816.56 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems will post $5.06 earnings per share for the current fiscal year.
In related news, VP William Burley sold 365 shares of the firm’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 directly owns 52,695 shares of the company’s stock, valued at $4,469,062.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jessica Soisson sold 6,140 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $89.01, for a total transaction of $546,521.40. Following the completion of the sale, the vice president now directly owns 18,790 shares in the company, valued at $1,672,497.90. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in CTXS. Tower Research Capital LLC TRC increased its position in Citrix Systems by 0.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,886 shares of the cloud computing company’s stock valued at $231,000 after buying an additional 11 shares during the period. Synovus Financial Corp increased its position in Citrix Systems by 0.5% in the second quarter. Synovus Financial Corp now owns 2,512 shares of the cloud computing company’s stock valued at $204,000 after buying an additional 12 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in Citrix Systems by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,916 shares of the cloud computing company’s stock valued at $474,000 after buying an additional 38 shares during the period. Checchi Capital Advisers LLC increased its position in Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock valued at $104,000 after buying an additional 49 shares during the period. Finally, CIBC Asset Management Inc increased its position in Citrix Systems by 0.3% in the second quarter. CIBC Asset Management Inc now owns 21,401 shares of the cloud computing company’s stock valued at $1,714,000 after buying an additional 63 shares during the period. 96.92% of the stock is currently owned by institutional investors and hedge funds.
Citrix Systems Company Profile
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.
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