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

Citrix Systems, Inc. (NASDAQ:CTXS) was the target of a significant increase in short interest in 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 company’s shares are short sold. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is currently 3.1 days.

CTXS has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Citrix Systems to in a report on Thursday, January 23rd. Deutsche Bank lifted their target price on Citrix Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wedbush lifted their target price on Citrix Systems from $92.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Citrix Systems from $100.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $121.44.

Shares of NASDAQ CTXS traded down $0.97 during midday trading on Friday, hitting $122.03. 1,256,657 shares of the stock traded hands, compared to its average volume of 1,451,217. The company has a market cap of $15.86 billion, a PE ratio of 24.02, a P/E/G ratio of 4.24 and a beta of 1.00. Citrix Systems has a one year low of $90.28 and a one year high of $130.55. The business has a 50 day moving average price of $118.28 and a two-hundred day moving average price of $105.89. 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 (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 22nd. The cloud computing company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.54. The firm had revenue of $810.00 million during the quarter, compared to the consensus estimate of $802.53 million. Citrix Systems had a return on equity of 93.09% and a net margin of 22.65%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, equities research analysts forecast that Citrix Systems will post 3.67 EPS for the current fiscal year.

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

In other Citrix Systems news, Director Peter John Sacripanti sold 637 shares of Citrix Systems stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $114.24, for a total value of $72,770.88. Following the completion of the sale, the director now directly owns 13,662 shares in the company, valued at $1,560,746.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Ferrer sold 1,245 shares of Citrix Systems stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.48, for a total value of $140,037.60. Following the completion of the sale, the executive vice president now owns 60,888 shares of the company’s stock, valued at $6,848,682.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,781 shares of company stock valued at $6,256,886. 0.54% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in CTXS. BlackRock Inc. increased its stake in Citrix Systems by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock worth $1,016,398,000 after purchasing an additional 754,570 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Citrix Systems by 4.2% during the 3rd quarter. Wealthfront Advisers LLC now owns 7,610 shares of the cloud computing company’s stock worth $735,000 after purchasing an additional 307 shares in the last quarter. DNB Asset Management AS increased its stake in Citrix Systems by 1.6% during the 3rd quarter. DNB Asset Management AS now owns 24,650 shares of the cloud computing company’s stock worth $2,379,000 after purchasing an additional 387 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Citrix Systems by 13.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,583 shares of the cloud computing company’s stock worth $828,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Citrix Systems by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 7,200 shares of the cloud computing company’s stock worth $695,000 after purchasing an additional 500 shares in the last quarter. 96.70% of the stock is currently owned by institutional investors.

About Citrix Systems

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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