Citrix Systems (NASDAQ:CTXS)‘s stock had its “buy” rating reiterated by Robert W. Baird in a report issued on Thursday.

A number of other equities analysts have also weighed in on the company. 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. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Citigroup reduced their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Stifel Nicolaus reduced 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. Finally, KeyCorp reiterated a “hold” rating on shares of Citrix Systems in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Citrix Systems has an average rating of “Hold” and an average target price of $89.50.

Shares of Citrix Systems (CTXS) traded up $0.19 during midday trading on Thursday, reaching $91.38. The company’s stock had a trading volume of 1,573,496 shares, compared to its average volume of 1,318,225. The company has a market cap of $13,850.00, a price-to-earnings ratio of 28.38, a P/E/G ratio of 4.44 and a beta of 1.41. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. Citrix Systems has a fifty-two week low of $70.24 and a fifty-two week high of $92.62.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $691.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.32 EPS. sell-side analysts expect that Citrix Systems will post 3.93 EPS for the current fiscal year.

Citrix Systems declared 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, CFO Mark M. Coyle sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the transaction, the chief financial officer now directly owns 36,012 shares in the company, valued at approximately $3,201,466.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 306,777 shares in the company, valued at $25,845,962.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,530 shares of company stock worth $8,448,117. 0.44% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its position in Citrix Systems by 1.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 529,206 shares of the cloud computing company’s stock worth $46,571,000 after acquiring an additional 8,833 shares during the last quarter. Coastline Trust Co lifted its holdings in Citrix Systems by 57.2% in the 4th quarter. Coastline Trust Co now owns 13,075 shares of the cloud computing company’s stock worth $1,151,000 after buying an additional 4,755 shares during the period. National Pension Service lifted its holdings in Citrix Systems by 6.8% in the 4th quarter. National Pension Service now owns 180,568 shares of the cloud computing company’s stock worth $15,890,000 after buying an additional 11,419 shares during the period. YHB Investment Advisors Inc. lifted its holdings in Citrix Systems by 8.8% in the 4th quarter. YHB Investment Advisors Inc. now owns 22,798 shares of the cloud computing company’s stock worth $2,006,000 after buying an additional 1,838 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Citrix Systems by 3.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 343,577 shares of the cloud computing company’s stock worth $26,394,000 after buying an additional 9,868 shares during the period. Institutional investors and hedge funds own 94.23% of the company’s stock.

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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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