Citrix Systems, Inc. (NASDAQ:CTXS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $109.86.

Several equities research analysts have recently commented on CTXS shares. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Deutsche Bank raised Citrix Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $110.00 to $120.00 in a report on Thursday, June 6th. Wedbush restated a “hold” rating and issued a $95.00 price target on shares of Citrix Systems in a research note on Thursday, July 25th. Morgan Stanley dropped their price target on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research note on Thursday, July 25th. Finally, BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th.

In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 4,288 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28. Following the transaction, the executive vice president now owns 63,806 shares in the company, valued at approximately $5,873,980.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Ferrer sold 1,224 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $95.00, for a total value of $116,280.00. Following the transaction, the executive vice president now owns 70,348 shares in the company, valued at approximately $6,683,060. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,311 shares of company stock worth $2,674,467. 0.54% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of CTXS. BlackRock Inc. increased its position in shares of Citrix Systems by 7.9% in the second quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock worth $1,016,398,000 after purchasing an additional 754,570 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of Citrix Systems in the second quarter worth $242,000. Colony Group LLC increased its position in shares of Citrix Systems by 181.2% in the second quarter. Colony Group LLC now owns 6,847 shares of the cloud computing company’s stock worth $672,000 after purchasing an additional 4,412 shares during the period. Maverick Capital Ltd. increased its position in shares of Citrix Systems by 51.0% in the second quarter. Maverick Capital Ltd. now owns 80,260 shares of the cloud computing company’s stock worth $7,877,000 after purchasing an additional 27,120 shares during the period. Finally, Prudential PLC bought a new position in shares of Citrix Systems in the second quarter worth $2,145,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Shares of NASDAQ CTXS traded down $1.48 during trading hours on Friday, hitting $91.46. The company had a trading volume of 1,935,460 shares, compared to its average volume of 2,463,828. The stock has a market capitalization of $12.17 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 3.34 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86. Citrix Systems has a 1-year low of $90.28 and a 1-year high of $114.55. The firm’s 50 day moving average is $95.99 and its 200-day moving average is $99.03.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, July 24th. The cloud computing company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.94 by $0.27. The company had revenue of $748.70 million during the quarter, compared to the consensus estimate of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, sell-side analysts predict that Citrix Systems will post 3.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

About Citrix Systems

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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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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