Citrix Systems, Inc. Plans Dividend of $0.35 (NASDAQ:CTXS)

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.

Shares of NASDAQ:CTXS opened at $111.22 on Wednesday. The business’s 50 day moving average is $109.01 and its 200 day moving average is $99.21. Citrix Systems has a 12-month low of $90.28 and a 12-month high of $114.73. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 4.46 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 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 business had revenue of $733.00 million during the quarter, compared to analyst estimates of $715.05 million. During the same period in the prior year, the firm posted $1.40 EPS. Citrix Systems’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that Citrix Systems will post 3.85 earnings per share for the current year.

In other Citrix Systems news, Director Robert Calderoni sold 11,893 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.04, for a total value of $1,308,705.72. Following the sale, the director now directly owns 77,518 shares in the company, valued at $8,530,080.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jessica Soisson sold 5,400 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $96.33, for a total value of $520,182.00. Following the transaction, the chief accounting officer now directly owns 32,797 shares in the company, valued at approximately $3,159,335.01. The disclosure for this sale can be found here. Insiders sold a total of 48,311 shares of company stock worth $5,128,666 over the last three months. 0.54% of the stock is owned by insiders.

Several brokerages have recently commented on CTXS. Wedbush reiterated a “hold” rating and issued a $92.00 target price on shares of Citrix Systems in a report on Friday, October 25th. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $80.00 to $105.00 in a report on Tuesday, October 29th. BidaskClub downgraded shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Barclays set a $107.00 price objective on shares of Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Citrix Systems has a consensus rating of “Hold” and an average price target of $105.33.

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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Dividend History for Citrix Systems (NASDAQ:CTXS)

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