Citrix Systems, Inc. (CTXS) Given Consensus Rating of “Hold” by Brokerages

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.46.

A number of research firms have commented on CTXS. BidaskClub upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Robert W. Baird reiterated a “buy” rating on shares of Citrix Systems in a research report on Thursday, January 18th. Mizuho reiterated a “buy” rating and set a $101.00 target price (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, January 17th. Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Cowen downgraded Citrix Systems from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $90.00 to $93.00 in a research report on Thursday, January 11th. They noted that the move was a valuation call.

In related news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the transaction, the chief financial officer now directly owns 38,512 shares in the company, valued at $3,247,331.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Henshall sold 12,500 shares of the 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 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. Insiders sold 98,530 shares of company stock worth $8,448,117 over the last 90 days. Company insiders own 0.44% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farallon Capital Management LLC lifted its position in Citrix Systems by 8.2% during the second quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after buying an additional 121,549 shares during the period. BT Investment Management Ltd lifted its position in Citrix Systems by 11.7% during the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after buying an additional 138,032 shares during the period. Schroder Investment Management Group lifted its position in Citrix Systems by 0.9% during the third quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock worth $97,221,000 after buying an additional 10,876 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after buying an additional 200,291 shares during the period. Finally, Old Mutual Global Investors UK Ltd. lifted its position in Citrix Systems by 35.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock worth $72,494,000 after buying an additional 248,454 shares during the period. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Citrix Systems (NASDAQ:CTXS) traded up $0.70 on Friday, reaching $94.70. The company’s stock had a trading volume of 1,654,968 shares, compared to its average volume of 1,099,246. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market capitalization of $14,163.49, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 4.64 and a beta of 1.40. Citrix Systems has a one year low of $70.24 and a one year high of $94.94.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a return on equity of 26.22% and a net margin of 18.34%. Citrix Systems’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share. equities analysts anticipate that Citrix Systems will post 3.93 EPS for the current fiscal year.

Citrix Systems announced that its Board of Directors has initiated a stock buyback plan on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are 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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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