Citrix Systems, Inc. (CTXS) Receives $92.25 Consensus Target Price from Analysts

Citrix Systems, Inc. (NASDAQ:CTXS) has earned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $92.25.

Several analysts have recently issued reports on CTXS shares. Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $90.00 in a research note on Thursday, April 27th. Bank of America Corporation cut Citrix Systems from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research note on Wednesday, March 15th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and issued a $62.00 price objective on shares of Citrix Systems in a research note on Wednesday, March 15th. Royal Bank of Canada restated a “sector perform” rating on shares of Citrix Systems in a research note on Thursday, March 16th. Finally, MKM Partners raised their price target on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th.

In other news, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $83.55, for a total transaction of $83,550.00. Following the sale, the director now owns 8,606 shares of the company’s stock, valued at approximately $719,031.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Timothy A. Minahan sold 1,753 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $83.54, for a total value of $146,445.62. Following the sale, the chief marketing officer now directly owns 64,271 shares in the company, valued at approximately $5,369,199.34. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. increased its position in shares of Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock valued at $3,702,000 after buying an additional 726 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Citrix Systems by 545.3% in the first quarter. Canada Pension Plan Investment Board now owns 284,371 shares of the cloud computing company’s stock valued at $23,714,000 after buying an additional 240,300 shares in the last quarter. National Pension Service increased its position in shares of Citrix Systems by 8.3% in the first quarter. National Pension Service now owns 148,208 shares of the cloud computing company’s stock valued at $12,466,000 after buying an additional 11,333 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Citrix Systems during the fourth quarter valued at $27,024,000. Finally, Toronto Dominion Bank increased its position in shares of Citrix Systems by 150.0% in the third quarter. Toronto Dominion Bank now owns 379,847 shares of the cloud computing company’s stock valued at $32,371,000 after buying an additional 227,901 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.

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Citrix Systems (CTXS) traded up 0.83% during trading on Monday, reaching $79.92. The company had a trading volume of 3,030,714 shares. The company’s 50-day moving average is $83.26 and its 200 day moving average is $78.89. Citrix Systems has a 52 week low of $60.65 and a 52 week high of $87.99. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 26.31 and a beta of 1.55.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The business had revenue of $662.70 million during the quarter, compared to analyst estimates of $664.16 million. During the same period last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts anticipate that Citrix Systems will post $4.64 EPS for the current year.

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.

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