Citrix Systems, Inc. (CTXS) PT Set at $90.00 by Robert W. Baird

Robert W. Baird set a $90.00 price objective on Citrix Systems, Inc. (NASDAQ:CTXS) in a research report released on Friday morning. The firm currently has a buy rating on the cloud computing company’s stock.

Several other research analysts have also issued reports on CTXS. Stifel Nicolaus restated a hold rating and set a $77.00 target price on shares of Citrix Systems in a research report on Wednesday, August 9th. Barclays PLC restated an overweight rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. MKM Partners restated a buy rating and set a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a hold rating and set a $85.00 target price on shares of Citrix Systems in a research report on Monday, July 31st. Finally, Jefferies Group LLC restated a sell rating and set a $61.00 target price on shares of Citrix Systems in a research report on Friday, August 11th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $89.45.

Shares of Citrix Systems (NASDAQ:CTXS) opened at 80.62 on Friday. The firm has a 50-day moving average price of $76.82 and a 200 day moving average price of $80.38. The stock has a market cap of $12.21 billion, a PE ratio of 27.16 and a beta of 1.49. Citrix Systems has a 12-month low of $64.79 and a 12-month high of $87.99.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter last year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Citrix Systems will post $4.63 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Citrix Systems by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,743,592 shares of the cloud computing company’s stock worth $1,229,468,000 after buying an additional 317,385 shares in the last quarter. Elliott Management Corp raised its stake in Citrix Systems by 5.7% in the first quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock worth $591,318,000 after buying an additional 384,456 shares in the last quarter. Bank of Montreal Can raised its stake in Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock worth $400,799,000 after buying an additional 1,321,350 shares in the last quarter. First Trust Advisors LP raised its stake in Citrix Systems by 10.4% in the second quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock worth $196,965,000 after buying an additional 233,370 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in Citrix Systems by 40.7% in the first quarter. Nomura Holdings Inc. now owns 2,023,103 shares of the cloud computing company’s stock worth $168,767,000 after buying an additional 584,905 shares in the last quarter. 93.62% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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