Citrix Systems, Inc. (NASDAQ:CTXS) CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $88.31, for a total transaction of $1,103,875.00. Following the transaction, the chief executive officer now directly owns 294,277 shares in the company, valued at $25,987,601.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at $87.39 on Thursday. The stock has a market cap of $13,138.89, a price-to-earnings ratio of 21.22, a P/E/G ratio of 4.17 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a twelve month low of $69.20 and a twelve month high of $88.96.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating 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 net margin of 15.67% and a return on equity of 31.32%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. equities analysts predict that Citrix Systems, Inc. will post 3.93 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of CTXS. Acadian Asset Management LLC raised its holdings in Citrix Systems by 32.3% in the second quarter. Acadian Asset Management LLC now owns 32,993 shares of the cloud computing company’s stock valued at $2,626,000 after acquiring an additional 8,054 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Citrix Systems by 14.5% in the second quarter. Janney Montgomery Scott LLC now owns 20,980 shares of the cloud computing company’s stock valued at $1,670,000 after acquiring an additional 2,651 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Citrix Systems by 59.2% during the second quarter. Great West Life Assurance Co. Can now owns 177,556 shares of the cloud computing company’s stock valued at $14,106,000 after purchasing an additional 66,008 shares during the last quarter. CIBC Asset Management Inc increased its stake in Citrix Systems by 2.2% during the second quarter. CIBC Asset Management Inc now owns 21,315 shares of the cloud computing company’s stock valued at $1,696,000 after purchasing an additional 469 shares during the last quarter. Finally, CAPROCK Group Inc. increased its stake in Citrix Systems by 8.0% during the second quarter. CAPROCK Group Inc. now owns 3,538 shares of the cloud computing company’s stock valued at $282,000 after purchasing an additional 261 shares during the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on CTXS. BidaskClub cut shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $90.00 price target on shares of Citrix Systems in a research report on Sunday, November 19th. KeyCorp reaffirmed a “hold” rating on shares of Citrix Systems in a research report on Friday, November 10th. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Stifel Nicolaus reduced their price target on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Citrix Systems has a consensus rating of “Hold” and an average target price of $89.50.
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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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