Citrix Systems, Inc. (CTXS) Receives $91.09 Average PT from Analysts

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have received an average recommendation of “Hold” from the twenty-four analysts that are covering the firm. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $91.55.

CTXS has been the subject of several research analyst reports. MKM Partners reissued a “buy” rating and issued a $100.00 price objective on shares of Citrix Systems in a research note on Tuesday, January 10th. Jefferies Group LLC reaffirmed a “sell” rating and set a $71.00 price target on shares of Citrix Systems in a research note on Wednesday, January 18th. Cowen and Company reaffirmed a “fair value” rating and set a $100.00 price target on shares of Citrix Systems in a research note on Tuesday, March 14th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Citrix Systems in a research note on Thursday, March 16th. Finally, Bank of America Corp downgraded Citrix Systems from a “buy” rating to a “neutral” rating and set a $91.00 price target for the company. in a research note on Wednesday, March 15th. They noted that the move was a valuation call.

In related news, CMO Timothy A. Minahan sold 14,886 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $82.00, for a total transaction of $1,220,652.00. Following the completion of the transaction, the chief marketing officer now owns 64,566 shares in the company, valued at approximately $5,294,412. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $89.91, for a total value of $89,910.00. Following the transaction, the director now owns 10,276 shares of the company’s stock, valued at approximately $923,915.16. The disclosure for this sale can be found here. Insiders have sold a total of 19,639 shares of company stock valued at $1,620,028 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CTXS. Quadrant Capital Group LLC increased its position in shares of Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock valued at $113,000 after buying an additional 35 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Citrix Systems during the third quarter valued at about $230,000. Global X Management Co. LLC increased its position in shares of Citrix Systems by 57.7% in the third quarter. Global X Management Co. LLC now owns 2,751 shares of the cloud computing company’s stock valued at $234,000 after buying an additional 1,006 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Citrix Systems by 4.2% in the third quarter. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 122 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Citrix Systems by 121.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,100 shares of the cloud computing company’s stock valued at $264,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Citrix Systems (NASDAQ:CTXS) traded down 0.69% during trading on Friday, reaching $83.09. 1,296,630 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 24.37 and a beta of 1.63. Citrix Systems has a 52 week low of $60.65 and a 52 week high of $87.99. The stock has a 50-day moving average price of $82.45 and a 200 day moving average price of $74.43.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 25th. The cloud computing company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.35. The firm earned $908.40 million during the quarter, compared to the consensus estimate of $900.97 million. Citrix Systems had a return on equity of 31.96% and a net margin of 15.68%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Equities research analysts forecast that Citrix Systems will post $4.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Citrix Systems, Inc. (CTXS) Receives $91.09 Average PT from Analysts” was reported by Markets Daily and is the property of of Markets Daily. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.themarketsdaily.com/2017/04/21/citrix-systems-inc-ctxs-given-average-recommendation-of-hold-by-analysts-updated.html.

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.

5 Day Chart for NASDAQ:CTXS

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply