Citrix Systems Inc. (CTXS) Director Murray J. Demo Sells 1,000 Shares of Stock
Citrix Systems Inc. (NASDAQ:CTXS) Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $86.03, for a total value of $86,030.00. Following the sale, the director now directly owns 14,276 shares of the company’s stock, valued at $1,228,164.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Citrix Systems Inc. (NASDAQ:CTXS) opened at 85.22 on Friday. Citrix Systems Inc. has a 52-week low of $60.91 and a 52-week high of $90.00. The firm’s 50-day moving average price is $86.02 and its 200 day moving average price is $83.50. The company has a market cap of $13.27 billion, a PE ratio of 34.34 and a beta of 1.87.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The firm earned $843 million during the quarter, compared to analyst estimates of $816.56 million. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Citrix Systems Inc. will post $5.06 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in shares of Citrix Systems during the second quarter valued at about $29,660,000. New York State Teachers Retirement System raised its position in shares of Citrix Systems by 0.4% in the second quarter. New York State Teachers Retirement System now owns 295,334 shares of the cloud computing company’s stock valued at $23,653,000 after buying an additional 1,206 shares in the last quarter. Natixis raised its position in shares of Citrix Systems by 90.5% in the first quarter. Natixis now owns 744,736 shares of the cloud computing company’s stock valued at $58,521,000 after buying an additional 353,700 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Citrix Systems by 95.2% in the first quarter. Panagora Asset Management Inc. now owns 852,783 shares of the cloud computing company’s stock valued at $67,012,000 after buying an additional 415,902 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Citrix Systems during the second quarter valued at about $213,278,000. 96.69% of the stock is owned by hedge funds and other institutional investors.
CTXS has been the subject of several recent research reports. Jefferies Group reissued a “hold” rating on shares of Citrix Systems in a report on Tuesday, July 5th. Zacks Investment Research raised Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, June 21st. William Blair reaffirmed a “market perform” rating on shares of Citrix Systems in a research note on Wednesday, July 20th. Deutsche Bank AG upped their price target on Citrix Systems from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. upped their price target on Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. Citrix Systems has an average rating of “Hold” and a consensus target price of $86.67.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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