Citrix Systems, Inc. (NASDAQ:CTXS) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $115.00.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, April 29th. Wedbush reissued an “outperform” rating on shares of Alphabet in a report on Thursday, April 25th. BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 6,800 ($88.85) target price on shares of in a report on Thursday, June 6th.
In related news, CEO David J. Henshall sold 4,367 shares of Citrix Systems stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $93.99, for a total transaction of $410,454.33. Following the sale, the chief executive officer now directly owns 373,960 shares of the company’s stock, valued at approximately $35,148,500.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Henshall sold 4,298 shares of Citrix Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.00, for a total transaction of $434,098.00. Following the sale, the chief executive officer now directly owns 378,327 shares in the company, valued at $38,211,027. The disclosure for this sale can be found here. Insiders have sold a total of 17,466 shares of company stock worth $1,716,076 over the last ninety days. 0.54% of the stock is currently owned by insiders.
Citrix Systems stock traded up $1.15 during midday trading on Friday, hitting $100.84. The company’s stock had a trading volume of 1,595,330 shares, compared to its average volume of 1,569,212. Citrix Systems has a 1-year low of $93.12 and a 1-year high of $116.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.86. The company has a 50-day simple moving average of $97.19. The company has a market capitalization of $13.28 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.41. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The business had revenue of $719.14 million during the quarter, compared to analysts’ expectations of $707.78 million. During the same quarter in the previous year, the company earned $1.29 EPS. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Citrix Systems will post 4.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, June 6th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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