Citrix Systems (NASDAQ:CTXS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

CTXS has been the topic of several other research reports. Stifel Nicolaus lowered their price objective on Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Wells Fargo & Co upgraded Citrix Systems from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $82.50 to $95.00 in a research report on Monday, October 2nd. Robert W. Baird set a $90.00 price target on Citrix Systems and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, KeyCorp restated a “hold” rating on shares of Citrix Systems in a research 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 assigned a buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Citrix Systems (NASDAQ CTXS) traded up $0.78 during mid-day trading on Friday, reaching $91.48. The company’s stock had a trading volume of 897,564 shares, compared to its average volume of 1,162,156. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. The company has a market cap of $13,666.26, a PE ratio of 22.07, a price-to-earnings-growth ratio of 4.48 and a beta of 1.40. Citrix Systems has a 1 year low of $70.24 and a 1 year high of $91.63.

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

Citrix Systems announced that its board has authorized a stock repurchase plan on Monday, November 13th that allows the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization allows the cloud computing company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total value of $1,053,125.00. Following the sale, the chief executive officer now directly owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Calderoni sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $85.61, for a total value of $5,136,600.00. Following the completion of the sale, the insider now directly owns 178,706 shares in the company, valued at $15,299,020.66. The disclosure for this sale can be found here. Insiders sold 98,530 shares of company stock worth $8,448,117 over the last ninety days. 0.44% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its stake in shares of Citrix Systems by 50.0% during the third 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 in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Citrix Systems during the third quarter valued at about $215,000. Colony Group LLC acquired a new stake in shares of Citrix Systems during the second quarter valued at about $228,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Citrix Systems during the third quarter valued at about $251,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Citrix Systems by 3,050.0% during the second 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 in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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