Citrix Systems, Inc. (NASDAQ:CTXS) CEO David J. Henshall sold 4,250 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.48, for a total transaction of $478,040.00. Following the sale, the chief executive officer now directly owns 334,906 shares in the company, valued at approximately $37,670,226.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of CTXS traded down $0.35 during trading hours on Wednesday, reaching $110.87. The stock had a trading volume of 979,363 shares, compared to its average volume of 1,979,349. The company has a market cap of $14.69 billion, a P/E ratio of 24.21, a P/E/G ratio of 4.46 and a beta of 1.06. Citrix Systems, Inc. has a 52 week low of $90.28 and a 52 week high of $114.73. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $109.01 and a 200 day moving average of $99.21.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $715.05 million. During the same period in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts expect that Citrix Systems, Inc. will post 3.85 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CTXS. Daiwa Securities Group Inc. boosted its position in Citrix Systems by 1.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,406 shares of the cloud computing company’s stock worth $522,000 after acquiring an additional 103 shares during the last quarter. Creative Planning raised its stake in shares of Citrix Systems by 1.9% during the 3rd quarter. Creative Planning now owns 5,686 shares of the cloud computing company’s stock worth $549,000 after purchasing an additional 107 shares in the last quarter. CWM LLC raised its stake in shares of Citrix Systems by 65.1% during the 3rd quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock worth $30,000 after purchasing an additional 123 shares in the last quarter. Guinness Asset Management Ltd raised its stake in shares of Citrix Systems by 83.8% during the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after purchasing an additional 134 shares in the last quarter. Finally, American Trust Investment Advisors LLC boosted its holdings in shares of Citrix Systems by 0.4% in the 2nd quarter. American Trust Investment Advisors LLC now owns 43,609 shares of the cloud computing company’s stock valued at $4,280,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Barclays set a $107.00 target price on shares of Citrix Systems and gave the stock a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. BidaskClub downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 28th. Wedbush reiterated a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a research report on Friday, October 25th. Finally, ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $105.33.
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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