Citrix Systems, Inc. (NASDAQ:CTXS) announced a dividend on Wednesday, October 23rd, Fidelity reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, December 20th. The ex-dividend date is Thursday, December 5th.
NASDAQ:CTXS traded down $0.45 during midday trading on Tuesday, hitting $111.46. 6,465 shares of the stock were exchanged, compared to its average volume of 1,779,422. Citrix Systems has a one year low of $90.28 and a one year high of $114.73. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 4.46 and a beta of 1.06. The business has a 50-day moving average price of $108.75 and a two-hundred day moving average price of $99.13. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The firm had revenue of $733.00 million during the quarter, compared to analyst estimates of $715.05 million. During the same period last year, the company posted $1.40 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that Citrix Systems will post 3.85 EPS for the current fiscal year.
Several brokerages have recently weighed in on CTXS. BidaskClub lowered Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 28th. Barclays set a $107.00 price target on Citrix Systems and gave the stock a “hold” rating in a report on Friday, November 1st. Wedbush restated a “hold” rating and set a $92.00 price objective on shares of Citrix Systems in a research report on Friday, October 25th. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group upgraded Citrix Systems from an “underperform” rating to a “hold” rating and lifted their target price for the company from $80.00 to $105.00 in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Citrix Systems presently has an average rating of “Hold” and an average price target of $105.33.
In related news, EVP Rotterdam Jeroen Van sold 7,956 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $108.12, for a total value of $860,202.72. Following the completion of the transaction, the executive vice president now owns 48,287 shares in the company, valued at approximately $5,220,790.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jessica Soisson sold 5,400 shares of Citrix Systems stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $96.33, for a total transaction of $520,182.00. Following the sale, the chief accounting officer now owns 32,797 shares in the company, valued at $3,159,335.01. The disclosure for this sale can be found here. Insiders sold 48,311 shares of company stock worth $5,128,666 in the last 90 days. Company insiders own 0.54% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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