Citrix Systems, Inc. (CTXS) Given Average Recommendation of “Hold” by Brokerages
Citrix Systems, Inc. (NASDAQ:CTXS) has been given a consensus recommendation of “Hold” by the twenty-three analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $88.58.
A number of analysts have recently weighed in on CTXS shares. MKM Partners restated a “buy” rating and issued a $90.00 target price (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research note on Monday, July 31st. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Finally, Barclays PLC restated an “overweight” rating and issued a $90.00 target price (up from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd.
Citrix Systems (NASDAQ:CTXS) traded down 0.07% during trading on Friday, hitting $76.23. 2,411,874 shares of the stock traded hands. The company has a 50-day moving average price of $76.40 and a 200 day moving average price of $80.78. The stock has a market cap of $11.55 billion, a PE ratio of 25.68 and a beta of 1.48. Citrix Systems has a one year low of $64.79 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the business posted $1.20 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts expect that Citrix Systems will post $4.63 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Citrix Systems by 10.3% during the 1st quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after purchasing an additional 171 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Citrix Systems by 12.0% during the 2nd quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after purchasing an additional 289 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new position in shares of Citrix Systems during the 1st quarter valued at about $225,000. Colony Group LLC bought a new position in shares of Citrix Systems during the 2nd quarter valued at about $228,000. Finally, New Amsterdam Partners LLC NY bought a new position in shares of Citrix Systems during the 2nd quarter valued at about $231,000. Institutional investors and hedge funds own 93.62% of the company’s stock.
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About Citrix Systems
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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