Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $92.25.

Several research analysts have recently issued reports on the company. Cowen and Company reissued a “fair value” rating and issued a $100.00 target price on shares of Citrix Systems in a research report on Tuesday, March 14th. Mizuho raised their price objective on Citrix Systems from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, March 14th. MKM Partners raised their price objective on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Robert W. Baird raised Citrix Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $90.00 in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th.

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Citrix Systems (CTXS) traded down 1.69% during midday trading on Tuesday, hitting $78.58. The stock had a trading volume of 2,574,848 shares. The firm’s 50-day moving average price is $82.16 and its 200 day moving average price is $79.60. The company has a market cap of $11.88 billion, a P/E ratio of 25.87 and a beta of 1.49. Citrix Systems has a 12 month low of $64.11 and a 12 month high of $87.99.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The firm had revenue of $662.70 million during the quarter, compared to analyst estimates of $664.16 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, analysts expect that Citrix Systems will post $4.64 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased 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 worth $113,000 after buying an additional 35 shares during the period. Blair William & Co. IL increased 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 worth $658,000 after buying an additional 49 shares during the period. Cleararc Capital Inc. increased 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 worth $321,000 after buying an additional 58 shares during the period. Clean Yield Group increased 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 worth $645,000 after buying an additional 70 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Citrix Systems by 1.1% in the first quarter. PNC Financial Services Group Inc. now owns 11,132 shares of the cloud computing company’s stock worth $927,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 96.72% of the company’s stock.

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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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