BidaskClub Lowers Citrix Systems (NASDAQ:CTXS) to Sell

BidaskClub downgraded shares of Citrix Systems (NASDAQ:CTXS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Several other research firms also recently weighed in on CTXS. Wedbush restated a hold rating and issued a $95.00 price objective on shares of Citrix Systems in a report on Thursday, July 25th. Morgan Stanley decreased their price objective on Citrix Systems from $102.00 to $95.00 and set an underweight rating for the company in a report on Thursday, July 25th. ValuEngine downgraded Citrix Systems from a buy rating to a hold rating in a report on Friday, April 19th. Deutsche Bank upgraded Citrix Systems from a hold rating to a buy rating and lifted their price objective for the company from $110.00 to $120.00 in a report on Thursday, June 6th. Finally, Zacks Investment Research downgraded Citrix Systems from a hold rating to a sell rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Citrix Systems presently has an average rating of Hold and a consensus target price of $110.25.

Shares of CTXS opened at $92.30 on Friday. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 3.31 and a beta of 1.01. Citrix Systems has a 12-month low of $90.28 and a 12-month high of $114.55. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.76 and a quick ratio of 0.74. The company’s fifty day moving average is $97.23.



Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.27. The firm had revenue of $748.70 million during the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts forecast that Citrix Systems will post 3.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.35 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. Citrix Systems’s payout ratio is currently 30.57%.

In other Citrix Systems news, CEO David J. Henshall sold 6,353 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.44, for a total value of $631,742.32. Following the completion of the transaction, the chief executive officer now directly owns 368,156 shares in the company, valued at $36,609,432.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark J. Ferrer sold 1,224 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $95.00, for a total transaction of $116,280.00. Following the completion of the transaction, the executive vice president now owns 70,348 shares of the company’s stock, valued at $6,683,060. The disclosure for this sale can be found here. Insiders sold 22,585 shares of company stock valued at $2,151,111 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CTXS. Dimensional Fund Advisors LP raised its stake in shares of Citrix Systems by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 625,096 shares of the cloud computing company’s stock valued at $64,048,000 after acquiring an additional 52,559 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Citrix Systems by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after acquiring an additional 103,540 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Citrix Systems by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 31,511 shares of the cloud computing company’s stock valued at $3,138,000 after acquiring an additional 170 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Citrix Systems during the first quarter valued at $379,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of Citrix Systems by 114.5% during the first quarter. Valeo Financial Advisors LLC now owns 489 shares of the cloud computing company’s stock valued at $49,000 after acquiring an additional 261 shares during the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.

Citrix Systems Company Profile

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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