Insider Selling: Citrix Systems, Inc. (NASDAQ:CTXS) CEO Sells 4,250 Shares of Stock

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.

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, December 5th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

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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