Insider Selling: Citrix Systems, Inc. (CTXS) CFO Sells 2,500 Shares of Stock

Citrix Systems, Inc. (NASDAQ:CTXS) CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total value of $222,250.00. Following the completion of the transaction, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Citrix Systems, Inc. (NASDAQ:CTXS) traded up $1.05 on Thursday, hitting $90.70. The stock had a trading volume of 987,475 shares, compared to its average volume of 1,140,267. The company has a market cap of $13,670.00, a P/E ratio of 28.17, a PEG ratio of 4.38 and a beta of 1.41. Citrix Systems, Inc. has a 52 week low of $70.24 and a 52 week high of $90.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44.

Citrix Systems (NASDAQ:CTXS) last released its quarterly 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. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. research analysts predict that Citrix Systems, Inc. will post 3.93 EPS for the current year.

Citrix Systems announced that its Board of Directors has authorized a stock repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Large investors have recently made changes to their positions in the stock. Grove Bank & Trust boosted its stake in Citrix Systems by 50.0% during the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after purchasing an additional 768 shares during the period. Intact Investment Management Inc. bought a new stake in Citrix Systems during the 3rd quarter valued at approximately $215,000. Colony Group LLC bought a new stake in Citrix Systems during the 2nd quarter valued at approximately $228,000. Quantitative Systematic Strategies LLC bought a new stake in Citrix Systems during the 3rd quarter valued at approximately $251,000. Finally, Hillsdale Investment Management Inc. boosted its stake in Citrix Systems by 3,050.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,780 shares of the cloud computing company’s stock valued at $300,000 after purchasing an additional 3,660 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

A number of research analysts have commented on CTXS shares. Robert W. Baird restated a “buy” rating and issued a $90.00 target price on shares of Citrix Systems in a research note on Sunday, November 19th. Mizuho restated a “buy” rating and issued a $94.00 target price (up previously from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Citigroup lowered their target price on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Hold” and a consensus price target of $89.50.

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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.

Insider Buying and Selling by Quarter for Citrix Systems (NASDAQ:CTXS)

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