Citrix Systems (CTXS) Rating Lowered to Sell at BidaskClub

Citrix Systems (NASDAQ:CTXS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Monday, November 19th. Wedbush cut their price target on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Finally, TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $113.77.

CTXS stock opened at $101.66 on Wednesday. The stock has a market capitalization of $13.20 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.66 and a beta of 1.02. Citrix Systems has a fifty-two week low of $90.32 and a fifty-two week high of $116.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.71.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The business had revenue of $802.00 million during the quarter, compared to the consensus estimate of $791.27 million. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. On average, analysts anticipate that Citrix Systems will post 4.58 EPS for the current fiscal year.

In other Citrix Systems news, EVP Mark J. Ferrer sold 1,388 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $100.14, for a total transaction of $138,994.32. Following the sale, the executive vice president now owns 60,809 shares in the company, valued at approximately $6,089,413.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Calderoni sold 17,353 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $105.02, for a total value of $1,822,412.06. Following the sale, the insider now owns 92,141 shares in the company, valued at approximately $9,676,647.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,071 shares of company stock worth $2,711,264. Corporate insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. raised its holdings in Citrix Systems by 3.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 55,862 shares of the cloud computing company’s stock worth $5,687,000 after buying an additional 1,892 shares during the period. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Citrix Systems by 87.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 56,342 shares of the cloud computing company’s stock valued at $5,773,000 after purchasing an additional 26,314 shares during the period. Bridgewater Associates LP acquired a new position in shares of Citrix Systems in the 3rd quarter valued at about $5,075,000. YHB Investment Advisors Inc. increased its holdings in shares of Citrix Systems by 8.8% in the 4th quarter. YHB Investment Advisors Inc. now owns 26,398 shares of the cloud computing company’s stock valued at $2,705,000 after purchasing an additional 2,140 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in shares of Citrix Systems in the 3rd quarter valued at about $973,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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