Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have earned an average rating of “Hold” from the twenty-two ratings firms that are covering the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $92.25.

Several equities analysts have recently issued reports on the stock. Jefferies Group LLC decreased their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a report on Friday, April 28th. Deutsche Bank AG decreased their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a report on Friday, April 28th. Robert W. Baird raised shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $90.00 in a report on Thursday, April 27th. MKM Partners boosted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th.

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In other news, CMO Timothy A. Minahan sold 1,753 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $83.54, for a total value of $146,445.62. Following the sale, the chief marketing officer now directly owns 64,271 shares of the company’s stock, valued at approximately $5,369,199.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $79.47, for a total transaction of $79,470.00. Following the completion of the sale, the director now directly owns 9,606 shares in the company, valued at $763,388.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,639 shares of company stock worth $1,530,118. 0.48% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock valued at $113,000 after buying an additional 35 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Citrix Systems by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,941 shares of the cloud computing company’s stock valued at $799,000 after buying an additional 47 shares in the last quarter. Blair William & Co. IL boosted its position in Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock valued at $658,000 after buying an additional 49 shares in the last quarter. Cleararc Capital Inc. boosted its position in Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock valued at $321,000 after buying an additional 58 shares in the last quarter. Finally, Clean Yield Group boosted its position in Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock valued at $645,000 after buying an additional 70 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors.

Citrix Systems (NASDAQ:CTXS) traded up 0.19% during mid-day trading on Monday, hitting $82.95. The stock had a trading volume of 1,475,203 shares. Citrix Systems has a 1-year low of $60.65 and a 1-year high of $87.99. The company has a market cap of $12.54 billion, a P/E ratio of 27.30 and a beta of 1.63. The company has a 50-day moving average price of $84.04 and a 200 day moving average price of $77.06.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.10. Citrix Systems had a net margin of 15.68% and a return on equity of 31.96%. The company had revenue of $662.70 million during the quarter, compared to analyst estimates of $664.16 million. During the same quarter in the previous year, the business earned $1.18 EPS. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Citrix Systems will post $4.64 EPS for the current fiscal year.

Citrix Systems Company Profile

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

12 Month Chart for NASDAQ:CTXS

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