Other equities research analysts also recently issued reports about the company. BTIG Research reaffirmed a neutral rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a hold rating and issued a $77.00 price target on shares of Citrix Systems in a research report on Thursday, August 3rd. BidaskClub cut shares of Citrix Systems from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Barclays reiterated an overweight rating and issued a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, Mizuho reiterated a buy rating and issued a $94.00 target price (up previously from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $89.50.
Citrix Systems (NASDAQ CTXS) traded down $0.69 during trading on Friday, reaching $87.00. 1,670,600 shares of the company’s stock traded hands, compared to its average volume of 1,731,771. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. The firm has a market capitalization of $12,995.75, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 4.12 and a beta of 1.39. Citrix Systems has a 52-week low of $67.22 and a 52-week high of $88.08.
Citrix Systems announced that its Board of Directors has authorized a share repurchase plan on Monday, November 13th that authorizes the company to repurchase $1.70 billion in shares. This repurchase authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Robert Calderoni sold 60,000 shares of Citrix Systems stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.61, for a total transaction of $5,136,600.00. Following the transaction, the insider now directly owns 178,706 shares of the company’s stock, valued at $15,299,020.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the transaction, the chief executive officer now directly owns 306,777 shares in the company, valued at $25,845,962.25. The disclosure for this sale can be found here. In the last three months, insiders sold 83,530 shares of company stock valued at $7,121,992. 0.44% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CTXS. Spot Trading L.L.C. bought a new stake in Citrix Systems during the 1st quarter worth about $246,000. Dimensional Fund Advisors LP grew its stake in Citrix Systems by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 476,351 shares of the cloud computing company’s stock valued at $39,724,000 after buying an additional 25,026 shares during the last quarter. Atria Investments LLC acquired a new position in Citrix Systems in the 2nd quarter valued at about $235,000. NN Investment Partners Holdings N.V. grew its stake in Citrix Systems by 15.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 35,318 shares of the cloud computing company’s stock valued at $2,810,000 after buying an additional 4,737 shares during the last quarter. Finally, Creative Planning grew its stake in Citrix Systems by 2.5% in the 2nd quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 78 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.
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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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