A number of other equities research analysts have also weighed in on the stock. Goldman Sachs Group, Inc. (The) raised shares of Citrix Systems from a neutral rating to a buy rating and set a $109.00 price target for the company in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Citrix Systems from a hold rating to a sell rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a buy rating in a research report on Friday, October 6th. Royal Bank Of Canada restated a hold rating and issued a $85.00 price target on shares of Citrix Systems in a research report on Monday, September 4th. Finally, Citigroup Inc. reduced their price target on shares of Citrix Systems from $96.00 to $94.00 and set a buy rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Citrix Systems has a consensus rating of Hold and a consensus price target of $89.50.
Citrix Systems (NASDAQ:CTXS) opened at $86.68 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market cap of $13,042.46, a P/E ratio of 21.06, a P/E/G ratio of 4.13 and a beta of 1.39. Citrix Systems has a one year low of $67.22 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company had revenue of $691.00 million during the quarter, compared to analyst estimates of $691.61 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. research analysts forecast that Citrix Systems will post 3.93 EPS for the current fiscal year.
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Citrix Systems announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total value of $1,053,125.00. Following the transaction, the chief executive officer now directly owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total value of $210,800.00. Following the completion of the transaction, the chief financial officer now directly owns 38,512 shares in the company, valued at $3,247,331.84. The disclosure for this sale can be found here. Insiders have sold a total of 83,530 shares of company stock valued at $7,121,992 in the last ninety days. Insiders own 0.44% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Citrix Systems by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock worth $465,000 after acquiring an additional 15 shares during the period. Veritable L.P. lifted its stake in Citrix Systems by 0.3% in the second quarter. Veritable L.P. now owns 4,477 shares of the cloud computing company’s stock valued at $356,000 after acquiring an additional 15 shares during the last quarter. Creative Planning lifted its stake in Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after acquiring an additional 78 shares during the last quarter. Advisor Partners LLC lifted its stake in Citrix Systems by 3.5% in the second quarter. Advisor Partners LLC now owns 3,302 shares of the cloud computing company’s stock valued at $263,000 after acquiring an additional 112 shares during the last quarter. Finally, BTIM Corp. lifted its stake in Citrix Systems by 0.7% in the second quarter. BTIM Corp. now owns 33,670 shares of the cloud computing company’s stock valued at $2,679,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
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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