Citrix Systems, Inc. (CTXS) To Go Ex-Dividend on December 5th

Citrix Systems, Inc. (NASDAQ:CTXS) declared a dividend on Wednesday, October 23rd, Fidelity reports. Investors of record on Friday, December 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, December 20th. The ex-dividend date is Thursday, December 5th.

CTXS traded down $0.97 during midday trading on Tuesday, reaching $110.94. The company’s stock had a trading volume of 270,882 shares, compared to its average volume of 1,779,422. Citrix Systems has a 1 year low of $90.28 and a 1 year high of $114.73. The stock’s 50-day moving average is $108.75 and its 200-day moving average is $99.13. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.46 and a beta of 1.06. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The firm had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $715.05 million. During the same period in the previous year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that Citrix Systems will post 3.85 earnings per share for the current fiscal year.

CTXS has been the topic of a number of recent research reports. Barclays set a $107.00 target price on Citrix Systems and gave the stock a “hold” rating in a research note on Friday, November 1st. Wedbush reissued a “hold” rating and set a $92.00 price objective on shares of Citrix Systems in a research report on Friday, October 25th. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $80.00 to $105.00 in a research note on Tuesday, October 29th. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Finally, BidaskClub cut shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and a consensus price target of $105.33.

In other news, CEO David J. Henshall sold 6,353 shares of Citrix Systems stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $96.95, for a total value of $615,923.35. Following the completion of the sale, the chief executive officer now directly owns 345,511 shares in the company, valued at $33,497,291.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jessica Soisson sold 5,400 shares of Citrix Systems stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $96.33, for a total transaction of $520,182.00. Following the completion of the sale, the chief accounting officer now owns 32,797 shares of the company’s stock, valued at $3,159,335.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,311 shares of company stock worth $5,128,666. Company insiders own 0.54% of the company’s stock.

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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Dividend History for Citrix Systems (NASDAQ:CTXS)

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