Citrix Systems, Inc. (NASDAQ:CTXS) Short Interest Up 13.3% in January

Citrix Systems, Inc. (NASDAQ:CTXS) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,780,000 shares, an increase of 13.3% from the January 15th total of 4,220,000 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is currently 3.1 days.

In other Citrix Systems news, EVP Mark J. Ferrer sold 1,245 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.48, for a total transaction of $140,037.60. Following the transaction, the executive vice president now owns 60,888 shares in the company, valued at approximately $6,848,682.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Timothy A. Minahan sold 9,229 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $122.93, for a total value of $1,134,520.97. Following the transaction, the chief marketing officer now owns 77,136 shares in the company, valued at approximately $9,482,328.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,781 shares of company stock worth $6,256,886. 0.54% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. increased its position in shares of Citrix Systems by 1.7% in the fourth quarter. Whittier Trust Co. now owns 5,130 shares of the cloud computing company’s stock worth $569,000 after purchasing an additional 85 shares during the period. Advisory Services Network LLC boosted its stake in Citrix Systems by 3.5% in the fourth quarter. Advisory Services Network LLC now owns 2,819 shares of the cloud computing company’s stock valued at $313,000 after buying an additional 96 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its stake in Citrix Systems by 0.8% in the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 12,151 shares of the cloud computing company’s stock valued at $1,348,000 after buying an additional 100 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Citrix Systems by 1.9% in the third quarter. Daiwa Securities Group Inc. now owns 5,406 shares of the cloud computing company’s stock valued at $522,000 after buying an additional 103 shares in the last quarter. Finally, Creative Planning boosted its stake in Citrix Systems by 1.9% in the third quarter. Creative Planning now owns 5,686 shares of the cloud computing company’s stock valued at $549,000 after buying an additional 107 shares in the last quarter. Institutional investors own 96.70% of the company’s stock.

Shares of NASDAQ CTXS traded down $0.97 during mid-day trading on Friday, reaching $122.03. The company had a trading volume of 1,256,657 shares, compared to its average volume of 1,451,217. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. Citrix Systems has a one year low of $90.28 and a one year high of $130.55. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.24 and a beta of 1.00. The business’s 50-day simple moving average is $118.28 and its 200 day simple moving average is $105.89.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 22nd. The cloud computing company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.54. Citrix Systems had a return on equity of 93.09% and a net margin of 22.65%. The company had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $802.53 million. During the same quarter last year, the business earned $1.67 earnings per share. Citrix Systems’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Citrix Systems will post 3.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, March 5th. Citrix Systems’s payout ratio is currently 33.90%.

Several research firms have weighed in on CTXS. Jefferies Financial Group increased their price objective on Citrix Systems from to in a research report on Thursday, January 23rd. Wells Fargo & Co increased their price objective on Citrix Systems from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Deutsche Bank increased their price objective on Citrix Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price objective on Citrix Systems from $110.00 to $113.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on Citrix Systems from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $121.44.

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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