Citrix Systems, Inc. (CTXS) Earns “Neutral” Rating from BTIG Research
Citrix Systems, Inc. (NASDAQ:CTXS)‘s stock had its “neutral” rating reissued by stock analysts at BTIG Research in a report released on Wednesday.
Other analysts also recently issued reports about the stock. MKM Partners boosted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Stifel Nicolaus restated a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a research report on Monday, July 31st. Deutsche Bank AG dropped their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Finally, Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $90.00 in a research report on Thursday, April 27th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Citrix Systems currently has an average rating of “Hold” and an average target price of $89.25.
Citrix Systems (NASDAQ:CTXS) traded up 1.688% on Wednesday, reaching $76.215. 377,363 shares of the company traded hands. The company has a 50-day moving average price of $79.32 and a 200-day moving average price of $81.13. Citrix Systems has a 12 month low of $64.11 and a 12 month high of $87.99. The company has a market capitalization of $11.55 billion, a P/E ratio of 25.679 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $693 million for the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts expect that Citrix Systems will post $4.63 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock valued at $3,702,000 after buying an additional 726 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Citrix Systems during the second quarter valued at about $29,660,000. Numeric Investors LLC increased its stake in Citrix Systems by 27.0% in the fourth quarter. Numeric Investors LLC now owns 1,584,901 shares of the cloud computing company’s stock valued at $119,898,000 after buying an additional 337,400 shares in the last quarter. Decatur Capital Management Inc. purchased a new stake in Citrix Systems during the fourth quarter valued at about $1,929,000. Finally, New York State Teachers Retirement System increased its stake in Citrix Systems by 0.4% in the second quarter. New York State Teachers Retirement System now owns 295,334 shares of the cloud computing company’s stock valued at $23,653,000 after buying an additional 1,206 shares in the last quarter. 95.80% of the stock is owned by institutional investors.
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.
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