Robert W. Baird set a $90.00 price objective on Citrix Systems, Inc. (NASDAQ:CTXS) in a research note released on Friday, October 6th. The firm currently has a buy rating on the cloud computing company’s stock.
CTXS has been the topic of several other research reports. Jefferies Group LLC reissued a sell rating and set a $61.00 price objective on shares of Citrix Systems in a report on Friday, August 11th. Zacks Investment Research downgraded Citrix Systems from a hold rating to a sell rating in a report on Wednesday, October 4th. Wells Fargo & Company raised Citrix Systems from a market perform rating to an outperform rating and raised their price objective for the company from $82.50 to $95.00 in a report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a hold rating and set a $85.00 target price on shares of Citrix Systems in a research report on Monday, July 31st. Finally, MKM Partners reaffirmed a buy rating and set a $90.00 target price (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $89.60.
Citrix Systems (NASDAQ:CTXS) opened at 82.27 on Friday. The company has a market capitalization of $12.46 billion, a P/E ratio of 27.72 and a beta of 1.49. The company has a 50 day moving average price of $78.00 and a 200-day moving average price of $80.29. Citrix Systems has a 52 week low of $65.56 and a 52 week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share 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 firm had revenue of $693.00 million for the quarter, compared to analyst estimates of $690.83 million. During the same period last year, the business earned $1.20 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Citrix Systems will post $4.63 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of CTXS. Bank of Montreal Can raised its holdings in Citrix Systems by 35.6% during the 2nd quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after acquiring an additional 1,321,350 shares during the period. BT Investment Management Ltd bought a new stake in Citrix Systems during the 2nd quarter valued at $93,653,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Citrix Systems in the first quarter worth $89,128,000. Marshall Wace North America L.P. bought a new position in shares of Citrix Systems in the first quarter worth $89,128,000. Finally, Koch Industries Inc. increased its holdings in shares of Citrix Systems by 12,490.5% in the second quarter. Koch Industries Inc. now owns 724,333 shares of the cloud computing company’s stock worth $715,000 after purchasing an additional 718,580 shares during the period. 93.58% of the stock is currently owned by institutional investors and hedge funds.
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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