Analysts Set Citrix Systems, Inc. (NASDAQ:CTXS) PT at $115.00

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.



Institutional investors have recently made changes to their positions in the stock. National Pension Service grew its holdings in shares of Citrix Systems by 6.8% during the 4th quarter. National Pension Service now owns 172,218 shares of the cloud computing company’s stock valued at $18,290,000 after purchasing an additional 10,907 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Citrix Systems by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,783 shares of the cloud computing company’s stock worth $592,000 after acquiring an additional 174 shares during the last quarter. Bank of Hawaii grew its holdings in Citrix Systems by 56.2% during the 1st quarter. Bank of Hawaii now owns 12,395 shares of the cloud computing company’s stock worth $1,235,000 after acquiring an additional 4,460 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Citrix Systems during the 1st quarter worth approximately $316,000. Finally, MML Investors Services LLC grew its holdings in Citrix Systems by 86.8% during the 4th quarter. MML Investors Services LLC now owns 5,259 shares of the cloud computing company’s stock worth $539,000 after acquiring an additional 2,444 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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