Mizuho restated their neutral rating on shares of Citrix Systems Inc. (NASDAQ:CTXS) in a research note published on Monday morning. The brokerage currently has a $90.00 price objective on the cloud computing company’s stock.
Several other research analysts have also commented on the company. Jefferies Group lowered Citrix Systems from a hold rating to an underperform rating and cut their price objective for the company from $80.00 to $71.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Citigroup Inc. raised their target price on Citrix Systems from $93.00 to $104.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded Citrix Systems from a sell rating to a buy rating and set a $100.00 target price for the company in a research note on Friday, July 29th. Deutsche Bank AG raised their target price on Citrix Systems from $80.00 to $85.00 and gave the company a hold rating in a research note on Wednesday, July 27th. Finally, Vetr upgraded Citrix Systems from a hold rating to a buy rating and set a $87.24 target price for the company in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $87.30.
Citrix Systems (NASDAQ:CTXS) traded up 1.88% on Monday, hitting $84.73. The stock had a trading volume of 73,937 shares. Citrix Systems has a one year low of $60.91 and a one year high of $90.00. The company’s 50-day moving average is $84.87 and its 200-day moving average is $84.07. The stock has a market cap of $13.19 billion, a P/E ratio of 34.14 and a beta of 1.94.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The company had revenue of $843 million for the quarter, compared to analyst estimates of $816.56 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Citrix Systems will post $5.06 earnings per share for the current fiscal year.
In other news, VP Jessica Soisson sold 6,140 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $89.01, for a total transaction of $546,521.40. Following the transaction, the vice president now directly owns 18,790 shares in the company, valued at approximately $1,672,497.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $88.99, for a total transaction of $88,990.00. Following the transaction, the director now owns 20,516 shares in the company, valued at $1,825,718.84. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Several institutional investors have recently bought and sold shares of CTXS. Vanguard Group Inc. boosted its position in Citrix Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 13,720,584 shares of the cloud computing company’s stock valued at $1,098,882,000 after buying an additional 291,368 shares in the last quarter. FMR LLC boosted its position in Citrix Systems by 65.3% in the second quarter. FMR LLC now owns 4,754,745 shares of the cloud computing company’s stock valued at $380,807,000 after buying an additional 1,878,884 shares in the last quarter. Bank of Montreal Can bought a new position in Citrix Systems during the second quarter valued at approximately $213,278,000. AJO LP boosted its position in Citrix Systems by 43.5% in the second quarter. AJO LP now owns 2,290,912 shares of the cloud computing company’s stock valued at $183,479,000 after buying an additional 694,454 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Citrix Systems by 12.3% in the second quarter. Nordea Investment Management AB now owns 1,915,589 shares of the cloud computing company’s stock valued at $153,420,000 after buying an additional 209,368 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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