Stifel Nicolaus Cuts Citrix Systems, Inc. (CTXS) Price Target to $76.00

Citrix Systems, Inc. (NASDAQ:CTXS) had its target price reduced by Stifel Nicolaus from $77.00 to $76.00 in a report issued on Thursday morning, MarketBeat.com reports. They currently have a hold rating on the cloud computing company’s stock.

CTXS has been the topic of several other research reports. BidaskClub cut Citrix Systems from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Royal Bank Of Canada reiterated a hold rating and set a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. Robert W. Baird set a $90.00 price objective on Citrix Systems and gave the stock a buy rating in a research report on Friday, October 6th. BTIG Research restated a neutral rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Wells Fargo & Company upgraded Citrix Systems from a market perform rating to an outperform rating and raised their price target for the stock from $82.50 to $95.00 in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $88.00.

Citrix Systems (NASDAQ:CTXS) traded up 1.85% during midday trading on Thursday, reaching $82.70. 1,966,798 shares of the company’s stock were exchanged. The company has a market cap of $12.53 billion, a P/E ratio of 27.86 and a beta of 1.49. The company has a 50 day moving average price of $79.07 and a 200 day moving average price of $80.29. Citrix Systems has a 12 month low of $65.49 and a 12 month high of $87.99.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. On average, equities analysts anticipate that Citrix Systems will post $4.79 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in CTXS. Bank of Montreal Can boosted its stake in Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after buying an additional 1,321,350 shares in the last quarter. BT Investment Management Ltd acquired a new stake in Citrix Systems in the second quarter valued at about $93,653,000. Koch Industries Inc. boosted its stake in Citrix Systems by 12,490.5% in the second quarter. Koch Industries Inc. now owns 724,333 shares of the cloud computing company’s stock valued at $715,000 after buying an additional 718,580 shares in the last quarter. Bank of Nova Scotia boosted its stake in Citrix Systems by 1,955.1% in the second quarter. Bank of Nova Scotia now owns 734,618 shares of the cloud computing company’s stock valued at $58,461,000 after buying an additional 698,872 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Citrix Systems by 28,024.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 695,243 shares of the cloud computing company’s stock valued at $55,327,000 after buying an additional 692,771 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.

About Citrix Systems

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

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