Citrix Systems, Inc. (NASDAQ:CTXS) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 11,158,596 shares, an increase of 103.0% from the November 15th total of 5,495,756 shares. Currently, 7.5% of the company’s shares are short sold. Based on an average trading volume of 1,531,687 shares, the short-interest ratio is currently 7.3 days.

CTXS has been the topic of a number of research reports. Robert W. Baird set a $90.00 price target on Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Mizuho restated a “buy” rating and issued a $94.00 price target (up from $92.00) on shares of Citrix Systems in a report on Wednesday, October 25th. Citigroup cut their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Friday, November 3rd. Finally, KeyCorp restated a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.50.

In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $88.31, for a total transaction of $1,103,875.00. Following the transaction, the chief executive officer now directly owns 294,277 shares in the company, valued at $25,987,601.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total value of $210,800.00. Following the transaction, the chief financial officer now owns 38,512 shares in the company, valued at $3,247,331.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,030 shares of company stock worth $8,225,867. Corporate insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new stake in Citrix Systems during the third quarter worth about $639,000. IFM Investors Pty Ltd bought a new stake in Citrix Systems during the third quarter worth about $356,000. California Public Employees Retirement System raised its holdings in Citrix Systems by 5.5% during the third quarter. California Public Employees Retirement System now owns 399,273 shares of the cloud computing company’s stock worth $30,672,000 after acquiring an additional 20,873 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Citrix Systems by 29.9% during the third quarter. Janney Montgomery Scott LLC now owns 27,253 shares of the cloud computing company’s stock worth $2,094,000 after acquiring an additional 6,273 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in Citrix Systems by 4.7% during the third quarter. First Republic Investment Management Inc. now owns 16,245 shares of the cloud computing company’s stock worth $1,248,000 after acquiring an additional 726 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

Shares of Citrix Systems (NASDAQ CTXS) opened at $87.22 on Wednesday. Citrix Systems has a twelve month low of $70.24 and a twelve month high of $88.96. The stock has a market capitalization of $13,197.66, a PE ratio of 21.31, a P/E/G ratio of 4.18 and a beta of 1.40. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. Citrix Systems’s revenue was up 3.3% on a year-over-year basis. analysts expect that Citrix Systems will post 3.93 EPS for the current fiscal year.

Citrix Systems announced that its board has initiated a stock repurchase program on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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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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